Consumption survey: No definitive trend yet

The monthly per capita expenditure data points to shifts in consumption, but it should not be used for reconfiguring the Consumer Price Index

The Survey on household consumption expenditure has long been expected after being delayed due to the pandemic. The results of the monthly per capita consumption expenditure (MPCE) of households are interesting, as they shed some light on the state of the rural and urban economies and allow for some broader thinking.

The Survey shows that the gap between per capita monthly consumption expenditure between the rural and urban populations has narrowed, which is a positive sign, as this is the way to go when it comes to ensuring broad-based growth. Here, the Survey provides two sets of numbers, one referring