By Our Representative
In its fresh Business Inflation Expectations Survey (BIES), an Indian Institute of Management-Ahmedabad (IIM-A) report has said that cost perceptions data in October 2023 “does not indicate any significant increase in cost pressures.”
BIES claims to provide ways to examine the amount of slack in the economy by polling a panel of business leaders about their inflation expectations in the short and medium term. A monthly survey, it asks questions about year-ahead cost expectations and the factors influencing price changes, such as profit, sales levels, etc.