ET Graphics | Inflation drives surge in spending on vegetables and spices, HCES 2023-24 reveals
Vegetables and spices saw a steep increase in spending across both rural and urban areas during August 2023 to July 2024, compared to the previous year, driven largely by inflation. Overall, food expenditure grew at a faster rate than non-food ite...
By ET Bureau |
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Vegetables and spices saw a steep increase in spending across both rural and urban areas during August 2023 to July 2024, compared to the previous year, driven largely by inflation. Overall, food expenditure grew at a faster rate than non-food items, according to the Household Consumption Expenditure Survey (HCES) 2023-24. ET takes a closer look at the data.
Higher growth in food expenditure driven by inflation
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