Consumer expenditures in 2007
November 26, 2008
Average annual expenditures per consumer unit, which is similar to a household, rose 2.6 percent in 2007 following an increase of 4.3 percent in 2006. Spending kept pace with inflation in 2007 as the increase in expenditures from 2006 to 2007 was close to the 2.8 percent rise in the annual average Consumer Price Index (CPI-U) over this period.
Moderate increases in spending on housing (3.4 percent), transportation (2.9 percent), and food (0.4 percent), the three largest components of spending, contributed to the small overall increase in 2007. Among the other major components, spending increased for personal insurance and pensions (1.3 percent), health care (3.1 percent), entertainment (13.6 percent), and apparel and services (0.4 percent).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer expenditures in 2007 on the Internet at http://www.bls.gov/opub/ted/2008/nov/wk4/art03.htm (visited July 31, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
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.