Managing Consumption Expenditure on Food Articles

In India, over the past several years food inflation has been a matter of great concern for the economists and policy makers. Several studies have been conducted on food inflation but the results were inadequate to arrive at policy decisions to contain it. The data on Household Monthly Per capita Consumption Expenditure on food provided by National Sample Survey Organization is useful to know the pattern of consumption and changes in the level of consumption. However, the findings of NSS do not reveal any concrete evidence in support of the popular view that the change in the pattern and level of consumption is the outcome of high food inflation in the economy. In order to arrive at more realistic understanding in to the phenomenon we need to determine the relationship between high food inflation and Household Monthly Per capita Consumption Expenditure on food. This requires a qualitative study of the phenomenon which would uncover the fact that how people manage their household consumption expenditure on food articles along side high food inflation in the economy.