https://www.taxtmi.com/news?id=28285 The Household Consumption Expenditure Survey (HCES:2023-24), based on 261,953 households, provides two sets of MPCE estimates-excluding and including imputed values of items received free through social welfare programmes. Headline MPCE (excluding imputed values) rose nominally from 2022-23 with the largest proportional increases for the bottom fractiles. Non-food items account for the majority share of MPCE, with specific expenditure concentration in beverages and processed foods, conveyance, clothing and durables; urban rent is a notable non-food component. Consumption inequality declined in 2023-24, with lower Gini coefficients in both rural and urban areas. en-us Sat, 28 Dec 2024 13:24:15 +0530 Sat, 28 Dec 2024 13:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=28285 The Household Consumption Expenditure Survey (HCES:2023-24), based on 261,953 households, provides two sets of MPCE estimates-excluding and including imputed values of items received free through social welfare programmes. Headline MPCE (excluding imputed values) rose nominally from 2022-23 with the largest proportional increases for the bottom fractiles. Non-food items account for the majority share of MPCE, with specific expenditure concentration in beverages and processed foods, conveyance, clothing and durables; urban rent is a notable non-food component. Consumption inequality declined in 2023-24, with lower Gini coefficients in both rural and urban areas. News - Sat, 28 Dec 2024 13:24:15 +0530 https://www.taxtmi.com/news?id=28285