HolidaySpending

UK Grocery Inflation Soars as Festive Spending Spree Unfolds

5 months ago

Recent data has revealed a notable increase in grocery inflation across the United Kingdom, primarily attributed to consumers indulging in a holiday shopping spree during the Christmas season. According to statistics released on January 7, 2025, the annual rate of grocery price increases has surged, reflecting a rise in costs that has caught the attention of economists and consumers alike.

UK Consumers to Hold Back from Major Christmas Purchases, GFK Reports

5 months ago

As Christmas approaches, a new report from GFK indicates that UK consumers are planning to scale back on their festive spending this year. Rising living costs and economic challenges are influencing consumer behavior, resulting in a more cautious approach to holiday shopping.

US Shoppers Expected to Increase Holiday Spending by 7% This Year

8 months ago

What will prove to be a shot in the arm for retail, US shoppers are expected to increase holiday spending by 7% this year. New data published October 1, 2024, indicates that consumers are emboldened by improving economic conditions coupled with an unexpected surge in purchasing power. This increase in expenditure is expected despite higher prices due to inflation.