Consumer Spending Outlook: Holiday Prices Skyrocket, Spending Contracts amid AI-Driven Retail and Banking Boom
MetricCurrent ValuePrior Reference
Expected holiday‑price rise77 %69 % (2024)
Planned holiday spend (average)$1,595$1,778 (2024)
Core CPI (annual)2.9 %8.3 % (Aug 2022)
Grocery‑price growth YoY+2 %–
Rent YoY+27 %–
Price‑expectation scores have risen 8 percentage points year‑over‑year while average holiday spend
