In Q4 2012, household spending (adjusted for inflation) grew by 0.4% (£834 million). ‘Housing, water, gas, electricity and other fuels’ was the main contribution to growth.
The volume measure provides an estimate of the amount of goods and services purchased by households. In Q4 2012 it increased by 0.4%, meaning it was 3.9% below the peak of pre-recession spending in Q4 2007.
In Q4 2012 households purchased 2.9% more in volume terms compared with the low of Q2 2009.
The current price value of household spending (inflation included) shows how much UK households spent. In Q4 2012 it increased by 1.2% on the quarter, meaning it was 12.2% higher than Q4 2007.
Households current price spending was 16.5% higher in Q4 2012 than the low of Q2 2009.
The value of UK household spending per head, in current price terms, was £3,893, an increase of 1.0% on the quarter, £294 higher than in Q4 2007.
In 2012 volume expenditure increased by 1.2% compared with 2011. Current price expenditure rose by 3.9%