When we last looked at inflation’s impact on consumer spending in July 2022, the growth rate of consumer discretionary purchases was slowing. Forced to spend more on non-discretionary purchases such as food, gas and utilities, consumers were trading down and buying less.
In this report, which measures inflation’s impact on consumer spending through February 2023, we dig into which categories drove spending growth and which ones lagged and how discretionary spending performed overall. Hint: you might be surprised.
- Discretionary vs. non-discretionary spending
- Travel, Retail, Restaurant and more categories
- Economic headwinds and tailwinds with potential to impact the current trend
Please complete this form to receive our report, created with Commerce Signals’ Spend Analytics Suite, to learn more about how recent inflation has impacted consumer spending.