Sales season has us spending more during a cost-of-living crisis. Will we pay the price with higher interest rates?

Substantial discounts and sales saw Australians spending more on clothing and footwear in May. Although it may be good news for retailers, what does the increase in consumer spending mean for inflation and interest rates? Substantial discounts and sales saw Australians spending more on clothing and footwear in May. Although it may be good news for retailers, what does the increase in consumer spending mean for inflation and interest rates? Retail Industry, Economic Trends, Fashion, Small Business, Cost of Living, Interest Rates, Money and Monetary Policy, Inflation Latest business news