This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-25330582
The article has changed 3 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
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. | |
In 2011, transport was the largest element in family budgets. | |
The ONS said the rise was 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 all, 34% of homes were rented in 2012, compared with 29% in earlier years. | |
Greater economy | |
The cost of transport has been the biggest spending reduction. | |
Once inflation is taken into account, spending on transport fell from £87 a week in 2001 to £64 last year. | |
That is in spite of an increase in petrol prices. | |
The ONS said it was likely that motorists had responded to such increases by reducing their journeys. | |
It said the fuel efficiency of cars had improved over that period, while the popularity of more economic diesel engines had also risen. | |
Unsurprisingly, households have cut back on recreation and culture. In 2011 we spent £64 a week on TV's, computers, books and holidays. | |
But in 2012 that fell to £61.50. | |
Clothes and shoes | |
The figures also show that households still spend more on leisure than on food. | |
Weekly groceries and non-alcoholic drinks cost families £56.80 in 2012, marginally up from £56.60 in 2011. | |
In the long run, we are also spending substantially more on clothes and shoes. | |
In 2001 we spent £15.30 a week on fashion items, a figure which had increased to £23.40 in 2012. | |
In total, the average household spent £489 a week last year. | |
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. |