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Household Consumption Expenditure 2023-24

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Context:

The new HCES for 2023-24 unveiled that “households in the country spend most on conveyance among nonfood items,” making it a rise in movements with high prices in petrol and deficient public modes of transport.

Key Highlights:

Percentage of the Monthly Per Capita Consumption Expenditure Spent on Transport

  • Rural Areas:
    • 7.6% of MPCE on commuting, which is the highest non food expense.
    • This is followed by durables (6.48%), fuel & light (6.11%), and clothing & bedding (5.67%).
  • Urban Areas:
    • 8.5% of MPCE on commuting.
    • This is followed by durables (6.8%) and rent (6.6%).

Average Monthly Per Capita Expenditure (MPCE)

  • Rural Households:
    • ₹4,122, with 52.96% (₹2,183) of it spent on non food items.
  • Urban Households:
    • ₹6,996, with 60.32% (₹4,219) spent on non food items.

State wise Trends in Conveyance Expenditure

  • Rural Areas (Highest MPCE on Conveyance):
    • Kerala (11.38%), Goa (11.14%), Tamil Nadu (10.57%), Punjab (9.5%), Maharashtra (9.3%).
  • Urban Areas (Highest MPCE on Conveyance):
    • Manipur (10.96%), Tamil Nadu (9.91%), Goa (9.91%), Rajasthan (9.59%), Gujarat (9.43%).

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