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Consumer expenditures in 2005

November 09, 2006

Average annual expenditures per consumer unit rose 6.9 percent in 2005, following an increase of 6.3 percent in 2004 and 0.3 percent in 2003.

Percent change in average annual expenditures of all consumer units, 2003-2005
[Chart data—TXT]

The increase in expenditures from 2004 to 2005 was more than the 3.4-percent rise in the annual average Consumer Price Index (CPI) over this period.

Statistically significant increases in spending on housing (9.0 percent) and transportation (7.0 percent), the largest components of spending, contributed to the overall increase in 2005. Increases for food (2.6 percent) and personal insurance and pensions (7.9 percent) also were statistically significant. Spending on apparel and services (3.9 percent), health care (3.5 percent), and entertainment (7.7 percent) also rose in 2005, but these increases were not statistically significant.

These data come from the Consumer Expenditure Survey. Find out more in "Consumer Expenditures in 2005" (PDF) (TXT), news release 06-1944.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures in 2005 on the Internet at http://www.bls.gov/opub/ted/2006/nov/wk1/art04.htm (visited November 27, 2014).

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