Salient features of the surveys are also included in the quarterly Macroeconomic and Monetary Developments issued as a companion document to our quarterly policy statements. Trends in expectations Now I turn to evidence on inflation expectations as revealed by various surveys. First, the inflation expectations survey of households seeks information on product-wise price expectations.
It can be seen that inflation expectations were dominated by the food price inflation: the prices of food articles drove the sentiment of overall inflation of the households 3-month ahead. The increase in price expectations with regard to household durables was the lowest (Chart 1). Second, similar trend was also observed for households’ 1-year ahead price expectations (Chart 2).