Consumer expenditures rise 3.0 percent in 1997
December 24, 1998
Average annual expenditures per consumer unit rose at a moderate rate of 3.0 percent in 1997. This followed an increase of 4.8 percent in 1996. The increase in expenditures from 1996 to 1997 was slightly larger than the 2.3 percent rise in the annual average Consumer Price Index (CPI).
The highest percent increases in expenditures were reported in personal insurance and pensions (5.3 percent) and in housing (4.9 percent). Spending on health care increased 4 percent, while the 2.2 percent increase in food spending was largely driven by spending on food away from home.
Only two major components of spending reported decreases in 1997 — apparel and services (-1.3 percent) and entertainment (-1.1 percent). Entertainment expenditures had increased by 13.8 percent in 1996.
These data are a product of the BLS Consumer Expenditure Survey. Additional information on 1997 expenditures may be found in news release USDL 98-482, "Consumer Expenditures in 1997."
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures rise 3.0 percent in 1997 on the Internet at http://www.bls.gov/opub/ted/1998/dec/wk4/art04.htm (visited October 22, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.