Table 1(a): Product-wise Expectations of Prices for Three Months ahead |
(Percentage of Respondents) |
Survey period ended |
Mar-22 |
Sep-22 |
Nov-22 |
Jan-23 |
Mar-23 |
General |
Estimate |
SE |
Estimate |
SE |
Estimate |
SE |
Estimate |
SE |
Estimate |
SE |
Prices will increase |
89.9 |
0.64 |
85.0 |
0.77 |
83.8 |
0.76 |
84.3 |
0.76 |
83.8 |
0.83 |
Price increase more than current rate |
67.2 |
1.27 |
59.9 |
1.14 |
58.5 |
1.13 |
60.8 |
1.14 |
60.6 |
1.17 |
Price increase similar to current rate |
19.3 |
0.96 |
20.9 |
0.85 |
20.8 |
0.89 |
20.2 |
0.86 |
19.8 |
0.87 |
Price increase less than current rate |
3.5 |
0.45 |
4.2 |
0.44 |
4.4 |
0.43 |
3.4 |
0.36 |
3.5 |
0.36 |
No changes in prices |
8.6 |
0.59 |
12.6 |
0.70 |
13.7 |
0.69 |
13.3 |
0.71 |
13.3 |
0.74 |
Decline in prices |
1.5 |
0.22 |
2.4 |
0.33 |
2.5 |
0.32 |
2.3 |
0.30 |
2.8 |
0.41 |
Food Product |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
89.6 |
0.62 |
85.3 |
0.69 |
85.0 |
0.72 |
84.6 |
0.72 |
84.0 |
0.75 |
Price increase more than current rate |
68.2 |
1.14 |
61.9 |
1.09 |
62.0 |
1.04 |
61.1 |
1.08 |
62.1 |
1.12 |
Price increase similar to current rate |
16.2 |
0.88 |
17.4 |
0.75 |
17.2 |
0.76 |
18.4 |
0.77 |
16.9 |
0.79 |
Price increase less than current rate |
5.2 |
0.48 |
6.1 |
0.49 |
5.9 |
0.48 |
5.1 |
0.43 |
5.1 |
0.42 |
No changes in prices |
6.9 |
0.51 |
9.3 |
0.55 |
9.9 |
0.58 |
10.2 |
0.59 |
9.7 |
0.59 |
Decline in prices |
3.5 |
0.36 |
5.4 |
0.45 |
5.1 |
0.44 |
5.2 |
0.45 |
6.3 |
0.53 |
Non- Food Product |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
88.4 |
0.63 |
82.3 |
0.74 |
81.1 |
0.77 |
81.8 |
0.77 |
81.3 |
0.79 |
Price increase more than current rate |
65.6 |
1.17 |
55.8 |
1.08 |
57.2 |
1.05 |
56.4 |
1.08 |
58.6 |
1.10 |
Price increase similar to current rate |
17.6 |
0.87 |
20.5 |
0.79 |
17.9 |
0.78 |
20.5 |
0.82 |
17.7 |
0.80 |
Price increase less than current rate |
5.2 |
0.49 |
6.0 |
0.48 |
6.0 |
0.48 |
4.9 |
0.44 |
5.1 |
0.43 |
No changes in prices |
8.7 |
0.56 |
13.1 |
0.67 |
14.4 |
0.70 |
13.4 |
0.67 |
13.3 |
0.67 |
Decline in prices |
2.9 |
0.31 |
4.6 |
0.42 |
4.5 |
0.43 |
4.7 |
0.43 |
5.4 |
0.51 |
Household Durables |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
73.5 |
0.89 |
70.2 |
0.89 |
68.3 |
0.93 |
72.4 |
0.90 |
67.9 |
0.92 |
Price increase more than current rate |
51.9 |
1.20 |
48.0 |
1.03 |
47.2 |
1.07 |
50.3 |
1.07 |
47.8 |
1.09 |
Price increase similar to current rate |
16.0 |
0.83 |
16.8 |
0.70 |
16.0 |
0.75 |
17.5 |
0.71 |
15.8 |
0.75 |
Price increase less than current rate |
5.5 |
0.50 |
5.3 |
0.45 |
5.1 |
0.43 |
4.6 |
0.42 |
4.2 |
0.41 |
No changes in prices |
20.4 |
0.83 |
22.8 |
0.84 |
24.5 |
0.87 |
21.2 |
0.84 |
22.4 |
0.85 |
Decline in prices |
6.1 |
0.44 |
7.1 |
0.50 |
7.3 |
0.49 |
6.3 |
0.47 |
9.7 |
0.60 |
Cost of Housing |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
75.8 |
0.94 |
75.7 |
0.92 |
76.5 |
0.88 |
78.0 |
0.86 |
78.2 |
0.92 |
Price increase more than current rate |
54.9 |
1.23 |
53.2 |
1.07 |
55.4 |
1.09 |
58.4 |
1.08 |
57.7 |
1.14 |
Price increase similar to current rate |
16.6 |
0.80 |
17.7 |
0.70 |
16.8 |
0.75 |
16.3 |
0.73 |
16.7 |
0.76 |
Price increase less than current rate |
4.3 |
0.40 |
4.8 |
0.42 |
4.3 |
0.41 |
3.3 |
0.35 |
3.8 |
0.39 |
No changes in prices |
18.9 |
0.86 |
20.2 |
0.88 |
19.3 |
0.83 |
18.9 |
0.84 |
18.1 |
0.83 |
Decline in prices |
5.4 |
0.46 |
4.1 |
0.39 |
4.2 |
0.40 |
3.1 |
0.34 |
3.7 |
0.44 |
Cost of Services |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
76.3 |
0.88 |
72.2 |
0.91 |
70.6 |
0.89 |
71.7 |
0.90 |
73.2 |
0.90 |
Price increase more than current rate |
54.5 |
1.19 |
49.4 |
1.10 |
49.1 |
1.04 |
49.9 |
1.08 |
51.7 |
1.11 |
Price increase similar to current rate |
16.8 |
0.80 |
17.9 |
0.75 |
16.9 |
0.73 |
17.6 |
0.71 |
17.8 |
0.76 |
Price increase less than current rate |
5.0 |
0.47 |
5.0 |
0.41 |
4.5 |
0.41 |
4.1 |
0.40 |
3.6 |
0.37 |
No changes in prices |
21.2 |
0.86 |
24.7 |
0.87 |
26.6 |
0.88 |
25.5 |
0.88 |
23.2 |
0.86 |
Decline in prices |
2.4 |
0.29 |
3.1 |
0.36 |
2.9 |
0.33 |
2.7 |
0.30 |
3.6 |
0.40 |
Note: |
1. The table provides estimates and standard errors for qualitative responses. |
2. Constituent items may not add up to the corresponding total, due to rounding off. |
Table 1(b): Product-wise Expectations of Prices for One Year ahead |
(Percentage of Respondents) |
Survey period ended |
Mar-22 |
Sep-22 |
Nov-22 |
Jan-23 |
Mar-23 |
General |
Estimate |
SE |
Estimate |
SE |
Estimate |
SE |
Estimate |
SE |
Estimate |
SE |
Prices will increase |
91.5 |
0.58 |
90.8 |
0.59 |
90.8 |
0.57 |
91.6 |
0.53 |
90.4 |
0.66 |
Price increase more than current rate |
71.0 |
1.19 |
68.1 |
1.12 |
69.5 |
1.08 |
70.8 |
1.02 |
69.3 |
1.11 |
Price increase similar to current rate |
17.4 |
0.93 |
19.3 |
0.88 |
18.2 |
0.87 |
17.9 |
0.81 |
18.1 |
0.87 |
Price increase less than current rate |
3.1 |
0.41 |
3.5 |
0.38 |
3.1 |
0.34 |
3.0 |
0.33 |
3.0 |
0.33 |
No changes in prices |
6.1 |
0.48 |
6.6 |
0.49 |
6.4 |
0.45 |
5.7 |
0.43 |
6.4 |
0.50 |
Decline in prices |
2.4 |
0.29 |
2.5 |
0.34 |
2.8 |
0.33 |
2.6 |
0.31 |
3.2 |
0.43 |
Food Product |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
85.3 |
0.72 |
86.4 |
0.67 |
87.1 |
0.64 |
88.0 |
0.64 |
86.3 |
0.71 |
Price increase more than current rate |
60.9 |
1.19 |
60.5 |
1.09 |
62.9 |
1.07 |
62.7 |
1.07 |
63.7 |
1.16 |
Price increase similar to current rate |
19.6 |
0.91 |
21.0 |
0.84 |
19.6 |
0.83 |
20.7 |
0.87 |
18.5 |
0.86 |
Price increase less than current rate |
4.8 |
0.47 |
4.9 |
0.42 |
4.7 |
0.42 |
4.5 |
0.42 |
4.1 |
0.38 |
No changes in prices |
9.8 |
0.59 |
8.3 |
0.52 |
7.8 |
0.50 |
7.6 |
0.50 |
8.1 |
0.53 |
Decline in prices |
5.0 |
0.41 |
5.3 |
0.45 |
5.0 |
0.41 |
4.4 |
0.39 |
5.6 |
0.52 |
Non- Food Product |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
85.8 |
0.73 |
86.0 |
0.69 |
85.0 |
0.71 |
86.7 |
0.67 |
85.4 |
0.73 |
Price increase more than current rate |
62.4 |
1.18 |
59.8 |
1.09 |
60.7 |
1.09 |
62.0 |
1.09 |
62.9 |
1.12 |
Price increase similar to current rate |
18.9 |
0.89 |
20.9 |
0.83 |
19.9 |
0.84 |
20.5 |
0.83 |
18.2 |
0.78 |
Price increase less than current rate |
4.5 |
0.44 |
5.4 |
0.45 |
4.5 |
0.41 |
4.3 |
0.41 |
4.3 |
0.40 |
No changes in prices |
9.7 |
0.60 |
9.5 |
0.56 |
10.1 |
0.58 |
9.1 |
0.54 |
9.4 |
0.55 |
Decline in prices |
4.5 |
0.40 |
4.4 |
0.41 |
4.8 |
0.42 |
4.1 |
0.39 |
5.2 |
0.51 |
Household Durables |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
77.3 |
0.84 |
77.7 |
0.79 |
77.6 |
0.84 |
80.8 |
0.77 |
76.5 |
0.85 |
Price increase more than current rate |
54.1 |
1.16 |
54.1 |
1.06 |
55.0 |
1.09 |
57.2 |
1.08 |
55.8 |
1.15 |
Price increase similar to current rate |
18.3 |
0.89 |
18.9 |
0.79 |
18.2 |
0.80 |
19.3 |
0.79 |
16.9 |
0.80 |
Price increase less than current rate |
4.8 |
0.48 |
4.6 |
0.41 |
4.3 |
0.39 |
4.3 |
0.41 |
3.8 |
0.38 |
No changes in prices |
17.1 |
0.74 |
16.4 |
0.70 |
16.4 |
0.72 |
13.8 |
0.65 |
15.4 |
0.70 |
Decline in prices |
5.6 |
0.43 |
6.0 |
0.45 |
6.0 |
0.47 |
5.4 |
0.43 |
8.1 |
0.60 |
Cost of Housing |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
83.1 |
0.75 |
85.8 |
0.67 |
86.5 |
0.69 |
87.4 |
0.63 |
87.4 |
0.65 |
Price increase more than current rate |
61.1 |
1.17 |
61.8 |
1.04 |
64.4 |
1.04 |
66.8 |
0.98 |
66.6 |
1.06 |
Price increase similar to current rate |
17.6 |
0.88 |
19.6 |
0.79 |
18.5 |
0.80 |
17.2 |
0.77 |
17.4 |
0.80 |
Price increase less than current rate |
4.5 |
0.43 |
4.5 |
0.41 |
3.7 |
0.38 |
3.5 |
0.36 |
3.4 |
0.37 |
No changes in prices |
13.2 |
0.67 |
10.6 |
0.58 |
10.2 |
0.59 |
9.8 |
0.57 |
9.2 |
0.54 |
Decline in prices |
3.7 |
0.36 |
3.6 |
0.38 |
3.3 |
0.37 |
2.8 |
0.30 |
3.4 |
0.41 |
Cost of Services |
|
|
|
|
|
|
|
|
|
|
Prices will increase |
83.0 |
0.79 |
84.2 |
0.74 |
84.2 |
0.74 |
84.0 |
0.72 |
83.6 |
0.80 |
Price increase more than current rate |
59.2 |
1.25 |
58.6 |
1.08 |
60.1 |
1.10 |
60.2 |
1.08 |
60.5 |
1.14 |
Price increase similar to current rate |
18.8 |
0.93 |
21.0 |
0.81 |
19.8 |
0.83 |
19.7 |
0.80 |
18.8 |
0.83 |
Price increase less than current rate |
5.0 |
0.47 |
4.6 |
0.43 |
4.3 |
0.39 |
4.2 |
0.41 |
4.3 |
0.39 |
No changes in prices |
14.1 |
0.71 |
12.9 |
0.65 |
12.9 |
0.67 |
13.1 |
0.65 |
13.0 |
0.68 |
Decline in prices |
3.0 |
0.32 |
2.9 |
0.37 |
2.9 |
0.33 |
2.8 |
0.33 |
3.4 |
0.44 |
Note: |
1. The table provides estimates and standard errors for qualitative responses. |
2. Constituent items may not add up to the corresponding total, due to rounding off. |