Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Largest rise in consumer spending in 2002: health care

November 25, 2003

Average annual expenditures per consumer unit rose 2.9 percent in 2002, following increases of 3.9 percent in 2001 and 2.8 percent in 2000. The increase in expenditures from 2001 to 2002 was more than the 1.6-percent annual average rise in the Consumer Price Index (CPI).

Percent change in consumer expenditures by component of spending, 2001-2002
[Chart data—TXT]

Among the major components of spending, expenditures on health care showed the largest increase in 2002, rising 7.7 percent. Spending on entertainment and on personal insurance and pensions also increased more than the average, rising 6.5 and 4.3 percent, respectively.

Spending on food, housing, transportation, and apparel and services all rose less than the overall average. Expenditures on apparel and service showed the smallest increase, 0.3 percent.

The Consumer Expenditure Survey is the source of these data. Consumer Expenditure Survey data also include the expenditures and income of consumers, as well as the demographic characteristics of those consumers. For more information, see news release USDL 03-759, "Consumer Expenditures in 2002" (PDF) (TXT).

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Largest rise in consumer spending in 2002: health care at https://www.bls.gov/opub/ted/2003/nov/wk4/art02.htm (visited December 04, 2021).

OF INTEREST
spotlight

Recent editions of Spotlight on Statistics

triangle