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 https://www.bls.gov/opub/ted/2008/nov/wk4/art03.htm (visited January 18, 2018).
Recent editions of Spotlight on Statistics
Industry on Tap: Breweries
A look at employment, wages, and job safety in breweries and producer prices for beer.
Differences in Parents’ Time Use between the Summer and the School Year
A look at how parents of school-age children spend their time in the summer and the school year.
Hispanics in the United States: Celebrating National Hispanic Heritage Month
A look at employment, earnings, consumer spending, time use, and workplace injuries and illnesses for the Hispanic or Latino U.S. population.
Expenditures on Admissions to the Arts, Movies, Sporting Events, and Other Entertainment
A look at consumer spending and attendance at arts, sports, and entertainment events.