Consumer Spending 2024 Christmas. Household spending increased 3.4% through the year on a current price, calendar adjusted basis. Retail sales have weakened, with brands.
Indeed, spending is bound to come down at some point under the pressure of high interest rates, which the fed isn’t expected to cut until later this year — or. The monthly commbank household spending insights (hsi) index fell sharply in december, dropping 3.9 per cent, as the cumulative effect of successive.