According to the most recent CommBank Household Spending Insights (HSI), household spending in Australia decreased in April as cautious spending in the entertainment category and unstable gas prices offset the increase in March.
According to CommBank data, overall household spending decreased by 1.2% during the month, with a notable decline of 12.1% in transportation due to a drop in petrol costs following the fuel excise tax on April 1st, as well as free public transportation in Tasmania and Victoria.
Six of the twelve spending categories saw increases in April, while six had decreases, including the seldom declines in insurance and health, which saw its first monthly decrease since March of last year.
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