Final Consumption Expenditure at Constant Prices
The Private Final Consumption Expenditure (PFCE) is defined as the expenditure incurred on final consumption of goods and services by the resident households and non-profit institutions serving households (NPISH). The estimates of Private Final Consumption Expenditure (PFCE) comiled by following the commodity flow approach. It implies working of commodity balances relating to various items of consumption, taking into account (i) production; (ii) intermediate consumption in agriculture, manufacturing and other industries; (iii) net imports; (iv)change in stock; (v) consumption on government account and (vi) Gross Fixed Capital Formation (GFCF). For obtaining PFCE, the expenditure incurred by industries as intermediate consumption and all final consumption (including imports and exports) other than those by households and non-profit institutions are deducted from the total availability. An amount is also discounted for the wastage of agricultural produce. Data contains private final consumption expenditure in domestic market at constant prices.