Household Consumption Grew 0.19% (Q-to-Q) in Q1 2022

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Viva Budy Kusnandar 10/05/2022 10:10 WIB

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Household consumption based on current prices reached Rp2.42 quadrillion in the first quarter of 2022.

Quarterly and Annual Household Consumption Growth, 2019-2022

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Household Consumption Grew 0.19% (Q-to-Q) in Q1 2022

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Quarterly and Annual Household Consumption Growth, 2019-2022

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The Central Statistics Agency (BPS) reports that household consumption, based on the Gross Domestic Product (GDP) at current prices, reached Rp2.42 quadrillion in Q1 2022.

Based on the GDP at constant 2010 prices, household consumption grew by 0.19% to Rp1.51 quadrillion in Q1 2022 compared to Q4 2021 (quarter-to-quarter/q-to-q).

This marks the first q-to-q growth in household consumption since the COVID-19 pandemic.

Year-on-year (yoy), household consumption grew by 4.34% in Q1 2022. This is the fourth consecutive year-on-year growth since Q2 2021.

Previously, household consumption experienced a recession due to the COVID-19 pandemic, showing negative year-on-year growth for four consecutive quarters from Q2 2020 to Q1 2021.

In terms of distribution, the largest household expenditure was on food and beverages, while the smallest was on clothing and footwear.

The following details the distribution of household consumption expenditure in the first quarter of this year:

* Food and beverages (excluding restaurants): 41.11%
* Transportation and communication: 20.57%
* Housing and household equipment: 13.07%
* Restaurants and hotels: 9.88%
* Health and education: 7.21%
* Other: 4.73%
* Clothing, footwear, and related services: 3.43%

The following shows the quarterly growth rate of household consumption in Q1 2022 (q-to-q):

* Health and education: 0.37%
* Food and beverages (excluding restaurants): 0.27%
* Transportation and communication: 0.25%
* Other: 0.15%
* Housing and household equipment: 0.08%
* Clothing, footwear, and related services: 0.02%
* Restaurants and hotels: 0.21%

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Household Consumption Grew 0.19% (Q-to-Q) in Q1 2022

Household Consumption Grew 0.19% (Q-to-Q) in Q1 2022

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Household Consumption Grew 0.19% (Q-to-Q) in Q1 2022

Household Consumption Grew 0.19% (Q-to-Q) in Q1 2022

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