Statistics: Consumer Trends, Q1 2014

Key Points

• In Q1 2014, household spending (adjusted for inflation) grew by 0.8% (£2.0 billion).
• The main contribution to growth can be seen in ‘Transport’ which has increased by 2.3% compared with Q4 2013. The largest negative contribution to growth can be seen in ‘Food and drink’ which has fallen by 1.3% compared with Q4 2013.
• Household spending when compared with the same quarter a year ago has been rising each quarter since Q1 2012 and was 2.2% higher in Q1 2014.
• The current price value of household spending, which includes inflation, shows how much UK households spent. In Q1 2014 current price spending increased by 1.0% compared with Q4 2013, continuing the trend of positive growth since Q3 2009.
• The household expenditure implied deflator grew by 0.2% in Q1 2014. Within household spending categories the ‘Alcohol and tobacco’ implied deflator showed the largest increase in percentage terms, it grew by 4.3% in Q1 2014.

Source: Office for National Statistics licensed under the Open Government Licence v.1.0.