Definition
Household Expenditure
Total household expenditure includes:
(1) The amount spent on purchasing goods and services needed for living essential,
(2) The value of goods and services received as part of pay, home-produced and consumed (including the rental value of owner-occupied dwellings), or received free from other sources, and
(3) The amount spent on taxes, contributions, insurance premiums, lottery tickets, interest on debts, and other non-consumption items.
Consumption expenditures are total household expenditures, excluding non-consumption expenditures described in (3).
Household expenditures exclude the capital formation expenditures such as purchase or hire purchase of house and land, purchase of jewelry, savings - life insurance premiums and provident funds, etc.