![]() ![]() Households spent the highest proportion of their weekly expenditure on housing, fuel and power, and transport Estimates of income from 2001 to 2002 onwards have been adjusted for the under-coverage and under-reporting of the top earners.ĭownload this chart Figure 1: In financial year ending (FYE) 2022, average weekly expenditure increased by 6% per week while average household disposable income remained stable Image Disposable income figures are on a financial year basis. Weekly household disposable income figures are from the household disposable income and inequality statistics.Household expenditure figures are on a financial year basis FYE 2002 to FYE 2006, calendar years 2007 to 2013, and financial years FYE 2015 to FYE 2022.All values are deflated to FYE 2022 prices.Incomes are adjusted for inflation using the consumer prices index including owner-occupiers’ housing costs (CPIH) excluding council tax.Total real expenditure is generated as a sum of the deflated COICOP categories 1 to13. Expenditure figures are adjusted for inflation using the Consumer Prices Index (CPI) specific to the classification of individual consumption by purpose (COICOP) category.Notably, in the year leading to March 2022, UK inflation rates rose significantly, reaching a 30-year high, as reported in the Consumer Prices Index (CPI) in our consumer price inflation time series. By adjusting for the rate at which the prices of goods and services bought by households rise or fall (consumer price inflation), we can better isolate trends in the amount of goods and services purchased. Some coronavirus restrictions remained in place towards the end of 2021 and households experienced new financial pressures domestic energy prices rose in the last six months of the financial year ending (FYE) 2022, as explained in the research briefing on the UK Parliament webpage, and the energy price cap was raised in October 2021.Ĭhanges in spending can result from both changes in the price of goods and services, and changes in consumer behaviour, such as the amount and type of good and services purchased. This includes the indoor venues being reopened, and spectators could attend sporting events. ![]() The collection of data used for this bulletin spans April 2021 to March 2022, during which coronavirus (COVID-19) restrictions started to ease across the UK. Family spending in the UK Household spending has increased yet remains below FYE 2020
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |