Private Final Consumption Expenditure (PFCE), a key driver of domestic demand, is projected to grow by 7.3 per cent in 2024-25, a sharp increase from the 4.0 per cent growth recorded in 2023-24.
While a single monthly reading above 6 per cent does not constitute a formal policy failure, the persistent upward trajectory since early 2026 leaves monetary authorities with little room to manoeuvre.
The authors stress that individual knowledge alone is insufficient. Food environments – marketing, pricing, availability and access – must support healthier choices.
While a single monthly reading above 6 per cent does not constitute a formal policy failure, the persistent upward trajectory since early 2026 leaves monetary authorities with little room to manoeuvre.