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Household expenditure and income increases

Household expenditure and income increases

28 November 2013

Increased spending on food, transport, and housing and household utilities means Kiwi households are spending more now than three years ago, Statistics New Zealand said today.

Results from the latest three-yearly Household Economic Survey (HES) show that average weekly household expenditure increased 9.1 percent, to $1,111, between 30 June 2010 and 30 June 2013.

Over this three-year period, there was an 11.5 percent rise in average annual household income, up from $76,733 to reach $85,588 in 2013.

“Both income and spending have risen over the last three years, and Kiwi households continue to spend most on food, and housing and household utilities,” standard of living acting manager Ian McGregor said.

The results released today show that average weekly household expenditure on:
• transport rose – from $131 to $158, with higher spending on petrol
• housing and household utilities rose – from $252 to $273, including an increase in spending on rates
• food rose – from $178 to $193, including more spending on fruit and vegetables.

This is the 40th year of the HES. Collection began in 1973, and since then the HES has been measuring how the spending habits of New Zealanders have shifted.

For more information about these statistics: Household Economic Survey: Year ended June 2013

ENDS

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