Consumer index rises by 11%

Consumer spending rose by 11

Consumer spending rose by 11.3 per cent last year and the sum spent on goods and services was more than twice that in 1990, according to figures released by the Central Statistics Office (CSO) yesterday.

Reflecting surging demand, the body said personal expenditure climbed to £44.29 billion last year from £39.79 billion in 1998.

Spending on housing - including rents, repairs, decorations, fuel and power - rose by 16.8 per cent to £6.79 billion, while expenditure on transport and communication rose by 14.3 per cent to £4.93 billion. In a document supplementing national income and expenditure data published last month, the CSO added that spending on alcohol and tobacco rose by 11.2 per cent to £4.78 billion last year.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective