31. Household final consumption expenditure ( HFCE ) is not an exhaustive measure of the goods and services consumed by households. 32. Her office estimates annual consumption expenditure to decline by 0 . 4 per cent during its first year of operation. 33. However, the CSO now estimates consumption expenditure fell 0.1 percent from the fourth quarter and climbed an annual 1.3 percent. 34. A sharp fall of 10 percent in private consumption expenditure was one of the major reasons for the continued recession. 35. In addition, consumer confidence moved at an erratic pace, limiting the surge in consumption expenditures that is typical of recovery periods. 36. The inflation rate, as measured by the government's price index for personal consumption expenditures , was 2 . 4 percent in 2000. 37. In the first of today's reports, the Commerce Department said both personal income and consumption expenditures rose 0.3 percent in April. 38. Private consumption expenditure grew by 7 . 3 per cent, and gross domestic fixed capital formation by 12 . 8 per cent. 39. The bank said private consumption expenditure should rise 4 per cent in 1998, down from 6.3 per cent forecast for this year. 40. However, the CSO now estimates consumption expenditure fell a surprise 0.1 percent from the fourth quarter and climbed an annual 1.3 percent.
