Syllabus: GS-III
Subject: Current Affairs
Topic: Indices and reports
Issue: Household Consumption Expenditure Survey (HCES)
Context: Findings of the Household Consumption Expenditure Survey (HCES) for 2022-23 released.
Highlights:
- Inequality between rural and urban India declining.
- Share of food spending fell down.
| Household Consumption Expenditure Survey (HCES)
● It is a large-scale survey conducted by the National Statistical Office(NSO) under the Ministry of Statistics and Programme Implementation. ● Periodicity: Every five years. ● Objectives: ○ Estimate the Monthly Per Capita Consumption Expenditure (MPCE) for rural and urban sectors. ○ Provide insights into the consumption patterns of various goods and services by households. |
Related Concepts:
Consumer Price Index(CPI):
- It is the main inflation indicator and tracks price changes for a wider basket of goods and services consumed at retail level.
- Base year: 2012
- It includes both goods and services.
- Released by: National Statistics Office (NSO), Ministry of Statistics and Program Implementation.
- The Monetary Policy Committee(MPC) uses CPI data to set the repo rate.
