Household Final Consumption Expenditure (HFCE) slows down
The household expenditure grew by
5.6 percent in the first quarter of 2018. This was slower than the 5.9 percent growth in the same period of 2017.
Food and Non-alcoholic Beverages, sharing
38.7 percent of the total household final consumption expenditure, posted a slower growth of 4.6 percent compared with the 5.9 percent growth recorded a year ago. Miscellaneous Goods and Services maintained its growth of 8.3 percent from the previous year.
Other HFCE items which contributed to the higher growth of HFCE were: Housing, Water, Electricity, Gas and Other Fuels,
7.8 percent; Communication, 7.5 percent; Furnishings, Household Equipment and Routine Household Maintenance, 7.6 percent; and Restaurants and Hotels, 7.6 percent.
On the other hand, Alcoholic beverages and Tobacco declined to
10.5 percent from 1.3 percent contraction in 2017.