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- Household spending increased 10.2 per cent in June compared to the same time last year, according to an ABS report
- This is the 16th consecutive month of increases, with a rise in all spending categories, following a year-long trend of decreased spending in the early days of the pandemic
- Transport spending increased 22.7 per cent in June, due to the higher petrol prices and travel demand
- Queensland reported the highest year-on-year increase which was 12.4 per cent
According to the Australian Bureau of Statistics, household spending increased 10.2 per cent in June, compared to the same time last year.
ABS Head of Macroeconomic Statistics Jacqui Vitas said this was the 16th consecutive month of through-the-year increases in total household spending, with a rise 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,” he said.
“Spending categories most impacted from COVID-19 responses (transport, hotels, cafes and restaurants, and clothing and footwear) have now returned to pre-pandemic levels.”
Transport spending increased 22.7 per cent in June, due to the higher petrol prices and travel demand.
Strong growth was also seen at hotels, cafes and restaurants, which increased 17.1 per cent, clothing and footwear jumped 16.3 per cent and recreational and culture spending rose 15.5 per cent.
However, not all categories saw big growth with health only up 0.8 per cent, food up 1.8 per cent and alcohol and tobacco jumping a slight 0.9 per cent.
Leading the year-on-year jumps were Queensland and Victoria who recorded a 12.4 per cent and 11.8 percent household spending increase, respectively.
The states and territories with the softest household spending growth were NSW with a 7.7 per cent increase and the Australian Capital Territory who reported a small 3.1 per cent increase.
