Household spending continued to rise in April
Household spending rose 7.6 per cent in April 2022, compared to the same time last year, according to figures released today by the Australian Bureau of Statistics (ABS).
Andrew Tomadini, head of Macroeconomic statistics at the ABS, said “the largest increases in spending were on furniture and household equipment (14.9 per cent), hotels, cafes and restaurants (14.3 per cent) and transport (12.4 per cent).”
“As COVID-19 restrictions eased, household spending increased in eight of the nine spending categories in April 2022 compared to April 2021. Spending in recreation, hospitality and retail continued to rise. Spending on health was the only category to decrease in April 2022, down 1.4 per cent,” Mr Tomadini said.
All states and territories recorded increases in household spending in April 2022, compared to April 2021. Queensland (11.4 per cent), South Australia (9.5 percent) and Western Australia (8.1 per cent) recorded the strongest through the year increases in spending.
Compared to pre-pandemic January 2020 estimates, total household spending was 9.0 per cent higher in current price, calendar adjusted terms.
The strongest increases in household spending were recorded in clothing and footwear (up 25.9 per cent), alcoholic beverages and tobacco (up 21.6 per cent), and health (up 14.5 per cent). Household spending on hotels, cafes and restaurants recovered to 3.3 per cent above pre-pandemic levels. Transport remains the only spending category below pre-pandemic levels (down 4.6%).
The line graph above shows the household spending index numbers in current price, calendar adjusted terms for the following categories: Alcoholic beverages and tobacco, Clothing and footwear, Health, and Hotels, cafes and restaurants.
- The indicator is produced using aggregated and de-identified card and bank transactions from several banking and financial institutions.
- The indicator includes 9 of the 13 key divisions classified according to the Classification of Individual Consumption by Purpose (COICOP).
- The indicator is produced in current price original and current price calendar adjusted terms only.
- Until the indicator is seasonally adjusted it is advised to focus on through the year (e.g. April 2022 compared to April 2021) comparisons.
- Care should be given when comparing Household Spending Indicator estimates with other ABS products.
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