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Cost of energy hits family budgets, says ONS Cost of energy hits family budgets, says ONS
(35 minutes later)
The increased cost of energy has helped make housing the most expensive part of the family budget, according to new figures.The increased cost of energy has helped make housing the most expensive part of the family budget, according to new figures.
The Office for National Statistics (ONS) said housing expenses overtook transport as the biggest part of household spending in 2012.The Office for National Statistics (ONS) said housing expenses overtook transport as the biggest part of household spending in 2012.
Housing includes rent, fuel, electricity and maintenance, but excludes mortgages.Housing includes rent, fuel, electricity and maintenance, but excludes mortgages.
On average UK households spent £68 a week on housing, and £64 on transport.On average UK households spent £68 a week on housing, and £64 on transport.
Last year transport was the largest element in family budgets. In 2011 transport was the largest element in family budgets.
The ONS said the rise is likely to have been driven in part by rises in gas and electricity prices.The ONS said the rise is likely to have been driven in part by rises in gas and electricity prices.
It said the cold winters of 2011 and 2012 would have contributed to extra spending on heating.It said the cold winters of 2011 and 2012 would have contributed to extra spending on heating.
But it said a rise in the proportion of people renting their homes was also a factor.But it said a rise in the proportion of people renting their homes was also a factor.
In total, the average household spent £489 a week.In total, the average household spent £489 a week.
When adjusted for inflation, spending has decreased since 2006, when households spent £526.When adjusted for inflation, spending has decreased since 2006, when households spent £526.
The ONS said the fall was consistent with trends seen in the economy during the period.The ONS said the fall was consistent with trends seen in the economy during the period.
Economic output, as measured by GDP, fell by 7.2% between 2008 and 2009.Economic output, as measured by GDP, fell by 7.2% between 2008 and 2009.