Australian household spending continued to grow strongly as the price index jumped by 3.3 percent in June, up 10.2 percent compared to the same period last year.
According to the Australian Bureau of Statistics (ABS), June’s figures marked the 16th consecutive month of increase in total household spending.
“Spending categories most impacted from COVID-19 responses (transport, hotels, cafes and restaurants, and clothing and footwear) have now returned to pre-pandemic levels,” ABS head of macroeconomics statistics Jacqui Vitas said.
During the month, spending on transport soared by 22.7 percent due to higher petrol prices and flight demand.
Other spending categories also recorded robust growth, including hotels, cafes and restaurants (up 17.1 percent), clothing and footwear (up 16.3 percent) and recreation and culture (up 15.5 percent)….