According to the Family Income and Expenditure Survey in December final yr, the sum of money spent on consumption by households with two or extra individuals decreased by 1.3% from the identical month of the earlier yr in actual phrases, excluding worth fluctuations. The lower appears to be because of the results of successive worth hikes of meals merchandise for the second consecutive month.
According to the Ministry of Internal Affairs and Communications, in a December survey final yr, households with two or extra individuals spent 328,114 yen per family.
In actual phrases, excluding worth fluctuations, it decreased by 1.3% from the identical month of the earlier yr, marking the second straight month of decline.
Looking on the breakdown, “food” decreased by 3.6%, marking the third consecutive month of decline.
Spending on seafood and alcoholic drinks is down, doubtless as a consequence of successive worth hikes in meals.
In addition, “housing” decreased by 13.8%.
This was as a consequence of a lower in housing gear restore prices and lease.
On the opposite hand, demand for energy-saving air conditioners elevated as a consequence of rising electrical energy payments, resulting in a 5.6% enhance in furnishings and family items.
In addition, the month-to-month common quantity spent by households with two or extra individuals final yr was 290,865 yen per family, up 1.2% from the earlier yr.
It was the second consecutive yr of enhance.
The Ministry of Internal Affairs and Communications mentioned, “Although the typical consumption quantity for the previous yr was optimistic, it has not recovered to the extent earlier than the unfold of the brand new coronavirus an infection. .