Monthly indicator of household consumption, January 2023
Household consumption increased in January 2023
Statistical news from Statistics Sweden 2023-03-09 8.00
Household consumption increased by 0.5 percent in January 2023, measured in seasonally adjusted figures, compared with December 2022. Compared with January 2022 , household consumption increased by 0.5 percent, measured in fixed prices and working day adjusted figures. In the last three-month period, consumption decreased by 0.6 percent in fixed prices and working day adjusted figures, compared with the same period a year ago.
The largest weighted positive contribution came from the sector Restaurants, cafes, hotels and other accommodation services, which increased by 24.8 percent in fixed prices compared with January a year ago. The comparison with January 2022 should take into account that new Covid restrictions for restaurants were implemented during that month.
Retail trade, mostly food and beverages accounted for the largest weighted negative contribution to total consumption and decreased by 4.0 percent in fixed prices compared with January a year ago.
To consider
The COVID-19 outbreak started to significantly impact household consumption in April 2020, which should be taken into account when comparing annual development statistics.
Under present circumstances with broad price increases on consumer goods, consumption patterns may change. Consumers may choose cheaper alternatives for goods that have become more expensive (so called substitution). This might lead to an underestimation of household consumption measured in fixed prices. This might mostly be a concern for the sector Retail trade, mostly food and beverages, but can also be a factor within other sectors.
![Monthly indicator of household consumption, January 2023](/contentassets/af128902317f416ab444d2f3a6ca2ba1/ha0101_2023m01_di_01_en_press1.gif)
![Monthly indicator of household consumption, January 2023](/contentassets/af128902317f416ab444d2f3a6ca2ba1/ha0101_2023m01_di_02_en_press2.gif)
Next publishing will be
The next statistical news in this series is scheduled for publication on 2023-04-06 at 08:00.
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