Wednesday, September 28, 2011

CONSUMER EXPENDITURES--2010

"Average annual expenditures per consumer unit(1) fell 2.0 percent in 2010
following a decrease of 2.8 percent in 2009, the U.S. Bureau of Labor
Statistics reported today. While spending fell in 2010, prices for goods and
services increased 1.6 percent from 2009 to 2010, as measured by the average
annual change in the Consumer Price Index (CPI-U). This was the second
consecutive year that there has been a drop in spending. The 2010 level of
average annual expenditures, $48,109, was lower than the 2006 amount of
$48,398..."

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