The central
bank is starting the fifth Household Budget Survey from tomorrow.
The central
bank has been conducting such survey every 10 years to update and revise weightages
of goods in the basket for National Consumers Price Index (CPI) to captures the
overall price situation of the country.
The survey
takes into account the level and sources of income and expenditure patterns of
households. The revised weighting factors of the CPI can only give the real
picture of the inflation in the country. The central bank has been publishing
inflation based on CPI on the monthly basis.
Consumption pattern
of households changes frequently due to various reasons and the household
budget survey will help find how people spend and earn in the interval of a
decade.
The central
bank has identified some 84 market centers from 55 districts in the five
development regions for the survey that will take a sample of 8,028 households.
The last survey was
conducted in 2005-06.
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