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Families spending less than in 2006, says ONS | Families spending less than in 2006, says ONS |
(35 minutes later) | |
Family spending rose to £517.30 a week last year - but remains below pre-crisis levels when inflation is taken into account, official figures show. | Family spending rose to £517.30 a week last year - but remains below pre-crisis levels when inflation is taken into account, official figures show. |
Housing costs, such as rent and fuel, were top of the expenditure list, overtaking transport costs. | Housing costs, such as rent and fuel, were top of the expenditure list, overtaking transport costs. |
The amount spent per household rose from £501 in 2012, the Office for National Statistics (ONS) said. | The amount spent per household rose from £501 in 2012, the Office for National Statistics (ONS) said. |
But average household spending stood at £539.80 in 2006, after taking the rising cost of living into account. | But average household spending stood at £539.80 in 2006, after taking the rising cost of living into account. |
Overtaken | |
The Family Spending Survey is compiled every year by the ONS. | The Family Spending Survey is compiled every year by the ONS. |
It shows that £74.40 a week was spent on average on housing, fuel and power in 2013. This equates to 14% of household spending. However, this figure excludes mortgage interest payments, British council tax or domestic rates in Northern Ireland. | |
A rise in gas and electricity prices pushed this category to the top of the household spending list in 2013, the ONS said. | |
The previous big hit for family finances was transport, which fell to second on the list last year at £70.40. Nearly half of this was the cost of running a car, namely petrol, diesel, repairs and servicing. |