HOUSEHOLDS FAVORED PROCESSED FOOD; HARYANA, RAJASTHAN PRIORITIZED MILK EXPENDITURE
Why in the news?
- Households in both rural and urban areas spent the most on beverages, refreshments, and processed food in 2022-23.
- Food accounted for 39% of average monthly per capita consumption expenditure (MPCE).
About Household Consumption Expenditure Survey:
- Conducted by:National Statistical Office (NSO) every five years.
- Purpose: Estimates household Monthly Per Capita Consumption Expenditure (MPCE) for rural and urban areas, States, UTs, and socio-economic groups.
- Significance: Reviews GDP, poverty levels, and Consumer Price Inflation (CPI).
About National Statistical Office:
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