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Informist, Friday, Dec. 27, 2024

NEW DELHI – The results of the Household Consumption Expenditure Survey for 2023-24 (Aug-Jul) reaffirmed the 2022-23 trend, with Sikkim recording the highest average monthly spending and Chhattisgarh the lowest, both in rural and urban areas. The monthly per capita expenditure of Sikkim grew by 15.1% in urban areas to INR 13,927 and 21.3% in rural areas to INR 9,377, while that of Chhattisgarh grew 10% in urban areas to INR 4,927 and 11.1% in rural areas to INR 2,739.

After Sikkim, Goa and Arunachal Pradesh were the top states in terms of monthly per capita expenditure, as per the factsheet on the latest household survey released Friday. The average monthly spending by urban households in Goa and Arunachal Pradesh rose 11.4% and 13.9%, respectively, while that by rural households increased by 9.2% and 13.6%, respectively. 

Akin to the 2022-23 trend, Uttar Pradesh and Jharkhand were at the bottom in terms of monthly per capita expenditure. In Jharkhand, the monthly spending by rural households grew 6.6% to only INR 2,946 and by urban households grew 9.4% to INR 5,393. Similarly, in Uttar Pradesh, rural households spent INR 3,481 monthly on an average and urban households spent INR 5,395 in 2023-24. 

Within the urban area, the monthly per capita expenditure showed the highest gallop of 21.9% in Meghalaya, and the lowest of 5.4% in Karnataka. The average spending by urban households in all states grew by over 5%, and in 18 states it grew by more than 10%. For rural areas, Sikkim showed the sharpest jump, and Maharashtra the slowest, at 3.4%. Besides Maharashtra, the monthly per capita expenditure of Himachal Pradesh and Manipur also grew by less than 5% in rural areas. 

The rural-urban difference in average monthly per capita expenditure was highest in Meghalaya, followed by Jharkhand and Chhattisgarh. The average monthly spending of nine states was higher than the all-India average in both rural and urban areas, the Ministry of Statistics and Programme Implementation said. 

According to the 2023-24 survey, the all-India average monthly per capita expenditure in urban areas grew by 8.3% from a year ago to INR 6,996, and in rural areas it grew by 9.3% to INR 4,122. This survey, which is the second back-to-back household consumption survey by the statistics ministry, aims to only test the robustness of the methodology used in the survey for 2022-23 that was released in February. 

The Household Consumption Expenditure Survey is crucial for updating the CPI inflation series, which is still based on consumption patterns from the 2011-12 (Jul-Jun) survey. The Ministry of Statistics and Programme Implementation usually conducts the household consumption expenditure survey every five years, and had done a survey for 2017-18 (Jul-Jun) but the government did not release its results, citing data quality issues. It had also planned to undertake a consumption expenditure survey for 2020-21 (Jul-Jun), but it was delayed due to the COVID-19 pandemic.  End

Reported by Krity Ambey

Edited by Akul Nishant Akhoury

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