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.
Bu hikaye Business Standard dergisinin December 28, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin December 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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