Spending declines 10.2% in January
Consumer spending in January declined 10.2% from December, according to the latest Beforepay Cost of Living Index.
Source: dynamicbusiness.com
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Consumer spending in January declined 10.2% from December, according to the latest Beforepay Cost of Living Index.
In December 2023, the Beforepay Cost of Living Index reported a notable surge in average Christmas spending, reaching $66 compared to $49 in 2022.
End-of-financial-year shopping driving the increase