City
Epaper

Australian household spending rose to 8.2%

By IANS | Updated: May 9, 2023 15:35 IST

Canberra, May 9 The Australian Bureau of Statistics (ABS) revealed on Tuesday that the country's household spending rose ...

Open in App

Canberra, May 9 The Australian Bureau of Statistics (ABS) revealed on Tuesday that the country's household spending rose 8.2 per cent in March compared to the same period last year.

According to the latest figures released by the ABS, while non-discretionary spending increased by 13.9 per cent, the growth of discretionary goods and services slowed to 2.2 per cent, reports Xinhua news agency.

"Hotels, cafes, and restaurants" and "Transport" were the main contributors to the overall rise.

Spending on goods rose 4.8 per cent, boosted by a 12.6 per cent increase in food, while spending on services saw an 11.4 per cent rise.

"Rising prices are contributing to this growth. The March quarter Consumer Price Index showed services price inflation rose 6.1 per cent its largest rise since 2001 and goods price inflation rose 7.6 per cent," said Robert Ewing, ABS head of business indicators.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Australian Bureau of StatisticsRobert ewingXinhuaXinhua NewsXinhua news agencyXinhua news agency quoted comptroller of the royal householdNational bureau of statisticsAustralian bureau of statisticsXinhua news agency quoted seven newsXinhua news agency quoted the health ministryCentral bureau of statistics
Open in App

Related Stories

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

InternationalSwitzerland: Several Wounded in Knife Attack in the Northern Swiss Town

InternationalIsrael-Hamas War: Gaza Strip Faces Cash Crunch As Hunger Deepens

InternationalIndonesia: US Geological Survey Says 5.7 Magnitude Earthquake Struck

InternationalGaza News: Israeli Forces Kill More Than 140 Palestinians and Arrest “Senior Hamas Officials” in Raid on Shifa Hospital

International Realted Stories

InternationalBNM alleges 'organised genocide' in Balochistan at The Hague, urges UN and EU to act against Pakistan's human rights abuses

InternationalPakistan: Khyber Pakhtunkhwa CM vows to secure "honourable release" of Imran Khan

InternationalEAM Jaishankar hoists national flag at his residence on 79th Independence Day

InternationalPM Modi's Independence Day address "reflected the resolve and spirit of India," says EAM Jaishankar

InternationalGlobal greetings pour in as Maldives, Nepal extend wishes to India on 79th Independence Day