Household Spending on Health Soars, Contributing to Overall Rise in Australian Spending

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Article: Household spending on health in Australia has witnessed a significant surge, with a 15.

Australian Bureau of Statistics (ABS).

This surge in health spending has contributed to an overall rise of 3.

April.

Robert Ewing, the ABS head of business statistics, highlighted how spending on health has played a dominant role in this increase.

Additionally, non-discretionary goods and services saw a rise of 5.

However, discretionary spending only experienced a marginal increase of 0.

The rise in overall household spending was driven by substantial increases in the miscellaneous goods and services category, which includes child care, professional services, and personal care, with a growth rate of 12.

The furnishings and household equipment category also witnessed a rise of 6.

It is important to note that the timing of Easter in 2024 impacted the annual growth rates in these categories, as there were fewer public holidays in April 2024 compared to the previous year.

This influenced the overall results for April 2024.

Although the Australian Capital Territory experienced a decline in household spending compared to the same time last year, all other states and territories witnessed an increase.

The most prominent rises in spending were observed in the Northern Territory, with a notable 7.

Tasmania, with a 6.

This data provides valuable insights into the current trends in household spending in Australia, shedding light on the priorities and preferences of Australian households.

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