Released: 31 March 2015 – Download PDF
- Main Points
- Summary of Household Expenditure in Q4 2014
- Trends in Household Expenditure
- Household Spending by Product
- Focus on Prices in Household Expenditure
- Household Spending per Head
- Household Final Consumption Expenditure Revisions Q4 2014 (Oct-Dec 2014)
- Guidance and Methodology
- Background notes
- Statistical contacts
- In Q4 2014 (Oct–Dec 2014), household spending (adjusted for inflation) grew by 0.6% (£1.6 billion).
- The main contribution to growth can be seen in ‘Miscellaneous goods and services’ which has increased by 3.1% compared with Q3 2014 (Jul-Sep 2014). The largest negative contribution to growth can be seen in ‘Transport’ which has fallen by 1.1% compared with Q3 2014 (Jul-Sep 2014).
- Household spending in volume terms, increased to £259.0 billion in Q4 2007 (Oct-Dec 2007), falling to £244.1 billion in Q2 2009 (Apr-Jun 2009). It has now increased to £263.9 billion, the highest volume spending since the start of the series. Volume spending for the latest three quarters (Apr-Jun 2014, Jul-Sep 2014 and Oct-Dec 2014) has exceeded the previous high in Q4 2007 (Oct-Dec 2007).
- Household spending when compared with the same quarter a year ago has been showing positive growth each quarter since Q4 2011 (Oct-Dec 2011). It was 3.0% higher in Q4 2014 (Oct-Dec 2014), when compared with Q4 2013 (Oct-Dec 2013), the highest increase since Q4 2007 (Oct-Dec 2007).
- The current price value of household spending, which includes inflation, shows how much UK households spent. In Q4 2014 (Oct-Dec 2014), current price spending increased by 1.0% compared with Q3 2014 (Jul-Sep 2014).
- The household expenditure implied deflator grew by 0.4% in Q4 2014 (Oct–Dec 2014) compared with the previous quarter (Jul-Sep 2014).
Source: Office for National Statistics licensed under the Open Government Licence v.1.0.