The eagerly awaited fact sheet of the Household Consumption Expenditure Survey (HCES) 2022-23 was released recently by the National Sample Survey Office (NSSO) of the Ministry of Statistics and Programme Implementation. The results of the survey are significant as the last results on household consumption expenditure were released in 2011-12.
What the survey does
The HCES offers a close look at how households across India incur expenditures on consumable items in a given period. It captures auxiliary information on household characteristics and demographic details. The information gleaned from the HCES is instrumental in constructing a weighing diagram for Consumer Price Indices, an index that tracks retail inflation. The weights obtained from the HCES represent the relative significance of goods and services, determined by their respective shares in the overall consumption patterns of households.
