(Bloomberg) -- It's all about the experience. U.S. households' entertainment spending rose 4.5 percent in the 12 months ending June 2016, according to a semiannual report on consumer expenditures across major categories released Wednesday by the Bureau of Labor Statistics. In addition, spending jumped 6.6 percent on “food away from home,” such as at restaurants, more than double the rate of growth in food for home consumption. Apparel and services spending dropped 4.8 percent.
To contact the reporter on this story: Jordan Yadoo in Washington at jyadoo@bloomberg.net.
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Alex Tanzi at atanzi@bloomberg.net, Scott Lanman
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