Rural, urban food spending rises amid inflation pressure
Business Standard|December 28, 2024
HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY (AUGUST 2023-JULY 2024)
SHIVA RAJORA

The share of monthly per capita consumption expenditure (MPCE) on food items edged up slightly in both rural and urban areas during the August 2023-July 2024 (2023-24) period compared to the previous year, according to the latest Household Consumption Expenditure Survey (HCES). However, experts note that the increase falls within the margin of error and could represent a temporary fluctuation rather than a reversal of trends.

Of the total MPCE, the proportion spent on food items rose to 47.04 per cent in rural areas and 39.7 per cent in urban areas in 2023-24, up from 46.4 per cent and 39.2 per cent, respectively, in 2022-23.

The factsheet based on the survey released by the National Statistics Office (NSO) on Friday revealed that the MPCE in rural areas during the 2023-24 period rose by 9.2 per cent to ₹4,122, while urban household expenditure rose by 8.3 per cent to ₹6,996 over the same period. These figures are in nominal terms and exclude the value of items provided free of cost to households under various social welfare programmes.

This story is from the December 28, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 28, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
A global outreach beyond business
Business Standard

A global outreach beyond business

An ancient civilisation with a modern outlook, India has a lot of fine strengths – in cinema, sports, art, culture, food, yoga – that it is building on

time-read
3 mins  |
January 04, 2025
Union Carbide waste disposal: Protests rock Pithampur, 2 attempt self-immolation
Business Standard

Union Carbide waste disposal: Protests rock Pithampur, 2 attempt self-immolation

Two persons on Friday attempted self-immolation, adding to tensions in Pithampur, Madhya Pradesh, as protests against the planned disposal of 337 tonnes of hazardous waste from Bhopal's defunct Union Carbide factory continued in the small industrial town.

time-read
1 min  |
January 04, 2025
Over 500 flights delayed, 24 train ops hit in Delhi
Business Standard

Over 500 flights delayed, 24 train ops hit in Delhi

Palam airport records zero visibility from 8 am to 9.30 am Friday

time-read
2 mins  |
January 04, 2025
AFTER SINDHU, WHO?
Business Standard

AFTER SINDHU, WHO?

Women's badminton faces uncertainty due to a shrinking talent pool, lack of quality coaches, and overreliance on Gopichand

time-read
4 mins  |
January 04, 2025
No cause for alarm: Indian health officials on hMPV spread in China
Business Standard

No cause for alarm: Indian health officials on hMPV spread in China

As the world marks the fifth anniversary of the Covid-19 pandemic in 2025, another flu-like illness has emerged, though Indian officials insist there is no reason to panic.

time-read
1 min  |
January 04, 2025
Jefferies: '25 may be year of monetary easing in India
Business Standard

Jefferies: '25 may be year of monetary easing in India

Brokerage raises target price for HDFC, ICICI Bank

time-read
2 mins  |
January 04, 2025
Business Standard

Avenue Supermarts hits 15% upper circuit after Q3 update

Avenue Supermarts (owner of DMart retail chain) shares clocked 15 per cent upper circuit in trade on BSE at ₹4,160.4 per share on Friday. Buying in the stock sparked after the company released its Q3 business update.

time-read
1 min  |
January 04, 2025
Business Standard

Film producer Vipul Shah's Sunshine Pictures files DRHP

Film and television producer-director Vipul Shah-backed Sunshine Pictures has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO).

time-read
1 min  |
January 04, 2025
MFs' Equity Buying Topped ₹4 Trillion in 2024
Business Standard

MFs' Equity Buying Topped ₹4 Trillion in 2024

Mutual funds' (MFs) equity buying jumped over twofold in 2024 to top ₹4 trillion for the first time.

time-read
1 min  |
January 04, 2025
Business Standard

Quadrant Future fixes price band at ₹275-290, offer opens on Jan 7

Quadrant Future Tek on Friday said it has fixed the price band at ₹275-290 per equity share for its ₹290-crore initial public offering (IPO) that will open for public subscription on January 7.

time-read
1 min  |
January 04, 2025