Poverty levels below 5%, claims NITI Aayog chief

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.


  • 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.



Scroll to Top