Household spending up 10.2% in June

Household spending rose 10.2% in June 2022, compared to the same time last year, according to figures released today by the Australian Bureau of Statistics (ABS). 

Jacqui Vitas, head of macroeconomic statistics at the ABS, said this was the 16th consecutive month of through-the-year increases in total household spending, with increases in all spending categories. 

“This was off the back of consistent decreases in total household spending from March 2020 to February 2021, as responses to COVID-19 were experienced across the country. 

“Spending categories most impacted from COVID-19 responses (transport, hotels, cafes and restaurants, and clothing and footwear) have now returned to pre-pandemic levels.”

In June 2022, transport spending increased by 22.7 per cent, driven by higher petrol prices and demand for air travel. Strong growth was also seen in spending on hotels, cafes and restaurants (up 17.1 per cent), clothing and footwear (up 16.3 per cent) and recreation and culture (up 15.5 per cent).

Not all spending categories saw strong growth, with health (up 0.8 per cent), alcoholic beverages and tobacco (up 0.9 per cent) and food (up 1.8 per cent) recording only moderate rises.

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