Inflation Expectations Survey - 2007

The Statistics Department of the Central Bank of Sri Lanka is currently embarking on a survey on Inflation Expectations wherein the expected price movements as perceived by the consumers and producers are collected for policy purposes. 

Amongst other factors of importance, expected price movements are a major determinant of future expenditure plans of both consumers and producers. Actions based on such plans have significant impact on the movements in prices in the marketplace. Central Banks worldwide monitor current price movements as well as expectations on future price movements to derive inflation projections. Those projections enable them to design effective policies to maintain price stability. 

Against this background, the Statistics Department of the Central Bank of Sri Lanka decided to initiate a survey on inflation expectation in January 2007. The Inflation Expectations Survey would elicit responses to questions related to present and expected inflation amongst the others. The selected sample for the survey comprises the heads of financial institutions, economists, other professionals, government officers, trade unionists, retail traders and households. In addition, the questionnaire is available on the CBSL website to monitor the perceptions of its website users. Therefore, please go through the questionnaire and feel free to e-mail your perceptions on future inflation to us.  Your response to the survey is highly appreciated.

Objective: To obtain a feed back from key economic agents (e.g. consumers, investors) about present and future (short run) expectations of inflation in the economy. This will enable cross validation of the economic indicators measured by the Central Bank of Sri Lanka.