Australian household spending jumps 10.2% YoY in June
Spending in categories most affected by COVID-19 is now back to pre-pandemic levels.
Household spending increased by 10.2% year-on-year (YoY) in June, with all categories logging increases during the period according to data released by the Australian Bureau of Statistics (ABS).
In a statement, Jacqui Vitas, head of macroeconomic statistics at ABS, said this was the 16th consecutive month of through-the-year increases, adding that spending categories most affected by the COVID-19 measures such as transport, hotels, cafes and restaurants, and clothing and footwear, have now returned to pre-pandemic levels.
ABS said transport spending rose 22.7% in June due to higher petrol prices and demand for air travel. Hotels, cafes and restaurants spending jumped 17.1%, clothing and footwear were up 16.3%, whilst recreation and culture climbed 15.5%.
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However, health (0.8%), alcoholic beverages and tobacco (0.9%) and food (1.8%) only posted moderate increases.
Household spending in all states and territories rose year on year, with Queensland and Victoria leading with 12.4% and 11.8% growth, respectively.
Total household spending consistently declined from March 2020 to February 2021 with the implementation of COVID-19 measures, Vitas said.