Introduction to Expenditure Trends Analysis
The Ministry of Statistics and Program Implementation release of the 2022-23 Household Consumption Expenditure Survey marks a critical point for economic analysis. This study juxtaposes the current expenditure figures against those of previous years, revealing evolving consumption patterns. By adjusting historical data to mirror current prices, a revealing narrative emerges about the spending behaviors in urban and rural India across a spectrum of categories. This article dissects these trends, offering insights into the changing dynamics of consumer expenditure.
Rural Expenditure Trends Over Time
Adjusting Rural Expenditure Data with CPI
To reconcile the past with the present in rural expenditure data, we turn to the Consumer Price Index (CPI) for agricultural laborers from the Reserve Bank of India (RBI). This CPI recalibration offers a more accurate portrait of rural spending over time. A forthcoming chart will visualize these economic adjustments, while the subsequent table provides the CPI-adjusted rural expenditure data, denominated in Indian Rupees for clarity.
