HOUSEHOLD CONSUMPTION EXPENDITURE SURVEY – REPORT AND INDICES
News: Shelved
2017-18 consumption spending survey showed inequality widening in Maharashtra
What's in the news?
● For
urban households in Maharashtra, food costs crossed 40% of monthly spends in
2017-18, for the first time in 18 years, while the food bill for their rural
counterparts shot up to almost 49% of total spending, with that figure crossing
60% for the poorest 5% of households., data from the National Statistical
Office’s 2017-18 Household Consumption Expenditure Survey or HCES show.
Key takeaways:
● The
Maharashtra government has published the State-level findings from the exercise
conducted as part of the 75th round of
the National Sample Survey (NSS).
Household Consumption Expenditure Survey:
● It
aims at generating estimates of
household Monthly Per Capita Consumer Expenditure (MPCE) and the
distribution of households and persons over the MPCE range separately for rural
and urban sectors across the country and for different socio-economic groups.
Conducted by: National Sample Survey
Office (NSSO), Ministry of
Statistics and Program Implementation.
Time gap: Quinquennial (every five
years)
Coverage: Both Urban and Rural
households.
Significance:
● It
was used to arrive at estimates of poverty levels in different parts of the
country.
● It
is used to review economic indicators
like the Gross Domestic Product (GDP), since 2011–12.
● It
will include separate data sets for rural and urban parts, and also splice
spending patterns for each State and Union Territory, as well as different
socio–economic groups.
● The
results of the Survey are also utilized for updating the consumption basket and
revise the base for the Consumer Price Index (CPI) used to measure inflation
experienced on the ground by households.