Consumers splash out on travel, defying cost-of-living squeeze via IrishTimesBiz
The sharp increase correlates with the lifting of Covid-related travel restrictions across the globe last year, which have significantly boosted passenger numbers to and from Irish ports and airports over the past 12 months.Shoppers also spent 14.3 per cent more in supermarkets in January compared with last year, probably due to the impact of food price inflation.
Restaurants also felt the benefit of the Irish consumer’s improved disposition, according to Revolut’s latest figures, with the value of restaurant spending up 32.5 per cent.
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