Released: 23 December 2014 – Download PDF
- Key Points
- Summary of Household Expenditure in Q3 2014
- Trends in Household Expenditure
- Household Spending by Product, Seasonally Adjusted
- Focus on Prices in Household Expenditure
- Household Final Consumption Expenditure Revisions, Q3 2014
- Guidance and Methodology
- Background notes
- Statistical contacts
- In Q3 2014, household spending (adjusted for inflation) grew by 0.9% (£2.5 billion).
- The main contribution to growth can be seen in ‘Transport’ which has increased by 2.9% compared with Q2 2014. The largest negative contribution to growth can be seen in ‘Miscellaneous goods and services’ which has fallen by 0.5% compared with Q2 2014.
- Household spending in volume terms, increased to £259.0 billion in Q4 2007, falling to £244.1 billion in Q2 2009. It has now increased to £261.6 billion, the highest volume spending since the start of the series. Volume spending for the latest two quarters has exceeded the previous high in Q4 2007.
- Household spending when compared with the same quarter a year ago has been rising each quarter since Q3 2011, it was 2.5% higher in Q3 2014, when compared with Q3 2013.
- The current price value of household spending, which includes inflation, shows how much UK households spent. In Q3 2014 current price spending increased by 1.6% compared with Q2 2014, continuing the trend of positive quarterly growth since Q3 2009.
- The household expenditure implied deflator grew by 0.7% in Q3 2014. Within household spending categories the ‘Miscellaneous goods and services’ implied deflator showed the largest increase in percentage terms, growing by 2.2% in Q3 2014.
Source: Office for National Statistics licensed under the Open Government Licence v.1.0.