We are all troubled by the impact of inflation. Even everyday needs are becoming scarce. But, you will be surprised to know that this struggle is more due to the impact of inflation on hobbies than on food. Much less than half of our income is spent in arranging food. Most of the expenditure is on non-food items. In both urban and rural families, the expenditure on monthly domestic consumption has increased as compared to 2022-23. Among these, the highest expenditure is being made on non-food items. The gap in expenditure on daily needs is increasing between the top five percent and the bottom five percent living at the lowest rung of the society.
Per capita expenditure on domestic consumption increased by one and a half times in a year
According to the Household Consumer Expenditure survey released on Friday, the expenditure on domestic consumption every month has increased by one and a half times in a year. In 2022-23, this per capita average was Rs 4,122. Which has increased to Rs 6,998 in 2023-2024. This is the situation when many types of materials are also being supplied to the families for free through various social welfare programs. In 2022-23, the monthly household expenditure per person was Rs 3773 in rural areas and Rs 6459 in urban areas. There has been an increase of nine percent in monthly household expenditure in rural areas and eight percent in urban areas. If the material available for free from government schemes is also included in the monthly household expenditure, then in 2023-24, the per capita monthly household expenditure became Rs 4247 in rural areas and Rs 7078 in urban areas.
More expenditure is on clothes and durable goods
According to the report released by the Ministry of Statistics and Program Implementation of the government of India, the average expenditure of families is on clothes, footwear, means of entertainment and durable goods. In urban areas, house rent costs up to seven per cent.
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