Retail card spending rose $21 million (0.3 percent) in November 2022 compared to October 2022. The increase came from consumables, up $16 million or 0.6 percent.
“The consumable spending category, which includes groceries and liquor, has been rising since July 2022,” said Ricky Ho, Performance Manager.
“In recent months, the rising cost of living has seen people spending more on essentials like groceries and less on durable like furniture and appliances.”
