Supermarket spending was up 6.6% per consumer in July, compared to June.
However, spending on groceries has actually dropped by 4% per consumer in July 2022, compared to July 2021, suggesting many are looking for cheaper products.
As petrol prices lower across Ireland, the data shows that spending on fuel at petrol stations was up 3.9% per consumer in July, compared to June.
Spending on fuel was up 26% per consumer in July 2022, however, compared to July 2021.
Revolut’s data shows that spending at fast food restaurants was up 5.7% per consumer in July, compared to June.
Revolut said the latest data suggests that Irish consumers are adapting their spending patterns to cut back on leisure activities such as clothes shopping and days out.
“Many consumers are looking to prioritise spending whilst inflation surges. The data suggests consumers are looking for cheaper brands in the supermarkets in order to keep money aside for treats at restaurants,” the company said.