Household Final Consumption Expenditure (HFCE) slows down
Household expenditure grew by
5.6 percent in the second quarter of 2018. This was slower than the 6.0 percent growth in the same period of 2017.
Food and Non-alcoholic beverages, sharing
41.5 percent of the total household expenditure, posted a faster growth of 6.3 percent compared with the 6.2 percent growth recorded in the previous year. Miscellaneous goods and services likewise accelerated to 10.0 percent growth in the second quarter of 2018.
Other HFCE items which contributed to the growth of HFCE were: Housing, water, electricity, gas and other fuels,
5.9 percent; Communication, 6.6 percent; Furnishings, household equipment and routine household maintenance, 5.4 percent; Education, 7.2 percent; and Restaurants and hotels, 4.3 percent.
On the other hand, Alcoholic beverages and Tobacco and Clothing and Footwear posted declines of
4.3 percent and 2.9 percent, respectively, during the quarter.