RBI survey of forecasters

The RBI now does a quarterly survey of forecasters. There were 20 responses of 31 individuals polled in the latest round, covering the first quarter of fiscal year 2008-09 (April-June 2008). The median forecast for WPI inflation by the end of 2008 was 11.4 percent, and for CPI inflation it was 10.5 percent. Both inflation rates were expected to average 6 percent over the next five years, according to the median forecast. The full survey report can be found at:

http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/86097.pdf