Consumer Trends, Q2 2014

1 Oct 2014 12:06 PM

Key Points

• In Q2 2014, household spending (adjusted for inflation) grew by 0.6% (£1.5 billion).
• The main contribution to growth can be seen in ‘Miscellaneous goods and services’ which has increased by 2.8% compared with Q1 2014. The largest negative contribution to growth can be seen in ‘Food and drink’ which has fallen by 0.9% compared with Q1 2014.
• Household spending when compared with the same quarter a year ago has been rising each quarter since Q3 2011, it was 2.1% higher in Q2 2014, when compared with Q2 2013.
• The current price value of household spending, which includes inflation, shows how much UK households spent. In Q2 2014 current price spending increased by 1.2% compared with Q1 2014, continuing the trend of positive quarterly growth since Q3 2009.
• The household expenditure implied deflator grew by 0.6% in Q2 2014. Within household spending categories the ‘Miscellaneous goods and services’ implied deflator showed the largest increase in percentage terms, growing by 2.5% in Q2 2014.

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