Transcription of Consumer Expenditures - 2017 - Bureau of Labor Statistics
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Consumer Expenditures - 2017 - Bureau of Labor Statistics
For release: 10:00 (EDT), Tuesday, August 29, 2017 USDL-17-1175 Technical Information: (202) 691-6900 Media Contact: (202) 691-5902 Consumer Expenditures 2016 Average Expenditures per Consumer unit1 for 2016 were $57,311, a increase from 2015 levels, the Bureau of Labor Statistics reported today. During the same period, the Consumer Price Index (CPI-U) rose percent2, and average pre-tax income per Consumer unit increased percent to $74,664. In 2015, spending increased percent from 2014 levels. Six of the eight major components of household spending increased in 2016, as show n in table A. Of these, cash contributions Expenditures showed the greatest percentage increase, percent. This was followed by Expenditures for personal insurance and pensions, rising percent, healthcare, rising percent, food and housing, both rising percent, and entertainment, rising percent.
• Spending on food increased 7.3 percent. The increase was driven by both food at home spending, up 7.8 percent, and food away from home spending, up 6.7 percent.
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