Elevated Inflation Starts To Hit Consumers’ Pockets; However, Retail Sales Are Higher Than Pre-pandemic

Elevated Inflation Starts To Hit Consumers’ Pockets

Amid unyielding inflation and rising borrowing costs, consumers are starting to cut spending, mostly on big-ticket items.

By: 
Nadia Evangelou

Elevated Inflation Starts To Hit Consumers’ Pockets

Amid unyielding inflation and rising borrowing costs, consumers are starting to cut spending, mostly on big-ticket items.