"Figure 2: There was a decline in real disposable income in the first quarter of this year ","" "Change in real disposable income, Quarter 1 2000 to Quarter 1 2022 ","" "","" "Notes","1. Inflation is captured by the implied price movements in household consumption expenditure." "Unit","%" "","" "","Gross Disposable Income","Inflation","Real Disposable Income" "","","","" "2000 Q1","0.9","-0.8","0.1" "2000 Q2","1.6","0.1","1.8" "2000 Q3","1.7","-0.1","1.6" "2000 Q4","1.3","0.8","2.1" "2001 Q1","1.3","-1.4","-0.1" "2001 Q2","-0.3","-0.3","-0.5" "2001 Q3","0.7","0.1","0.8" "2001 Q4","0.3","1.1","1.4" "2002 Q1","0.9","-0.7","0.3" "2002 Q2","1.6","-0.1","1.4" "2002 Q3","0.1","-0.4","-0.2" "2002 Q4","1","-0.5","0.4" "2003 Q1","0.1","0","0" "2003 Q2","0.8","-0.3","0.5" "2003 Q3","1.6","-0.7","1" "2003 Q4","1.1","-0.1","0.9" "2004 Q1","0.7","-0.4","0.2" "2004 Q2","1.7","-0.4","1.3" "2004 Q3","0.8","-0.9","0" "2004 Q4","0.8","-0.5","0.3" "2005 Q1","1.3","-0.5","0.8" "2005 Q2","1.4","-0.8","0.6" "2005 Q3","1.3","-0.4","0.9" "2005 Q4","0.8","-1","-0.2" "2006 Q1","1.4","-0.4","1" "2006 Q2","1.2","-1","0.3" "2006 Q3","1.3","0","1.3" "2006 Q4","1","-0.4","0.5" "2007 Q1","2.6","-0.9","1.8" "2007 Q2","0.7","-0.6","0.1" "2007 Q3","1.6","-0.4","1.3" "2007 Q4","0.2","-1.5","-1.3" "2008 Q1","0.4","-0.6","-0.2" "2008 Q2","2.4","-0.7","1.7" "2008 Q3","-0.3","-1.4","-1.6" "2008 Q4","0.9","-0.7","0.2" "2009 Q1","-0.2","0.3","0.1" "2009 Q2","1.5","0.5","2" "2009 Q3","-0.1","0.4","0.2" "2009 Q4","1.1","0.5","1.6" "2010 Q1","-0.3","-1.1","-1.4" "2010 Q2","0.9","-0.5","0.4" "2010 Q3","0.5","-0.7","-0.3" "2010 Q4","0.4","-0.1","0.3" "2011 Q1","-0.3","-2.4","-2.6" "2011 Q2","1.8","-0.5","1.4" "2011 Q3","0.8","-0.8","0" "2011 Q4","0.1","-0.6","-0.4" "2012 Q1","2.2","-0.6","1.6" "2012 Q2","1.7","-0.4","1.3" "2012 Q3","-0.3","0.2","-0.1" "2012 Q4","1","-0.4","0.5" "2013 Q1","0","-1.3","-1.2" "2013 Q2","2.4","-0.2","2.2" "2013 Q3","2.4","-0.5","1.9" "2013 Q4","0.4","-0.1","0.4" "2014 Q1","0.1","-0.4","-0.3" "2014 Q2","1.3","-0.7","0.6" "2014 Q3","-0.3","0.3","0" "2014 Q4","1.8","-0.3","1.4" "2015 Q1","1.5","0.7","2.3" "2015 Q2","2.6","0","2.6" "2015 Q3","2.3","0.4","2.7" "2015 Q4","0.3","-1.1","-0.7" "2016 Q1","-0.8","0.3","-0.6" "2016 Q2","0.7","-0.5","0.2" "2016 Q3","0","-0.7","-0.7" "2016 Q4","-0.5","-0.4","-1" "2017 Q1","0.5","-0.3","0.3" "2017 Q2","2.6","-0.8","1.7" "2017 Q3","0.7","0.1","0.9" "2017 Q4","0.9","-0.4","0.4" "2018 Q1","2.1","-1","1.1" "2018 Q2","0.4","-0.4","0" "2018 Q3","1","-0.2","0.8" "2018 Q4","1.8","-0.5","1.2" "2019 Q1","-0.3","-0.3","-0.6" "2019 Q2","1.3","-0.3","1" "2019 Q3","-0.6","-0.3","-0.9" "2019 Q4","1.5","0","1.5" "2020 Q1","-1","-0.5","-1.4" "2020 Q2","-2.6","0.4","-2.2" "2020 Q3","4.7","-0.5","4.2" "2020 Q4","0.4","0","0.4" "2021 Q1","0.7","-0.6","0" "2021 Q2","0.3","-1","-0.8" "2021 Q3","1.1","-1.3","-0.2" "2021 Q4","1.3","-1.4","-0.1" "2022 Q1","1.5","-1.7","-0.2"