Additionally, the portion of spending on food has decreased during this time period
The latest Household Consumption Expenditure Survey shows that the difference in average monthly spending between rural and urban households has decreased over the years.
In 2022-23, rural households spent an average of Rs 3,773 per month, a significant increase from Rs 1,430 in 2011-12. Urban households, on the other hand, spent an average of Rs 6,459 per month in 2022-23 compared to Rs 2,630 in 2011-12.
This indicates that rural spending has increased more than urban spending during this period. The survey also reveals that the bottom 5% of rural population spent Rs 1,373 on average, while the bottom 5% of urban population spent Rs 2,001.
Additionally, the top 5% of the rural and urban population spent Rs 10,501 and Rs 20,824 respectively. These findings suggest that the gap between the spending of the rich and poor has widened.
The survey also shows changes in spending patterns, with a rise in expenditure on non-food items and a decrease in expenditure on food items.
Moreover, adjusting for the imputed cost of food grains distributed by the government, the average monthly spending was Rs 3,860 in rural areas and Rs 6,521 in urban areas.
The survey, which is conducted every five years, was delayed due to the Covid-19 pandemic, but the latest results highlight important trends in consumption patterns in rural and urban areas.
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