Inflation, poverty and GDP growth: Assessment from consumer expenditure fact sheet and survey
- Economic & Political Weekly
- 59(36), 7 Sep, 2024: p.19-23
After an 11-year gap, the Ministry of Statistics and Programme Implementation released the Household Consumption Expenditure Survey 2022–23, providing a crucial dataset for economic analysis. This new source of information forms the basis for updating the consumer price index, replacing the 2012 base. Beyond inflation measurement, the expenditure data are instrumental in determining poverty lines across states, thereby guiding policy interventions under the National Food Security Act and other civic amenities programmes. The survey enables better alignment of welfare policies with the goals of food access and affordability, offering fresh insights into the relationship between inflation, poverty, and GDP growth in India The Ministry of Statistics and Programme Implementation, after an 11-year gap, released the Household Consumption Expenditure Survey 2022–23. The new source of data is the basic starting point for a new consumer price index, replacing the 2012 base. The expenditures are also useful in deciding the poverty line across the states for policy intervention of the National Food Security Act and other civic amenities programmes, which could now be better aligned to the goals of food access and affordability.- Reproduced