Some 14% of consumers say they have already made mutual agreements to cut back on gift-giving, figures from Barclays show.
Fears of rising energy bills and a particularly expensive Christmas led consumers to rein in their spending in October as 14% say they have already made mutual agreements to cut back on gift-giving, figures show.
Amid the heightened price sensitivity, some 70% of shoppers reported noticing a trend known as “slack-filling” – when certain supermarket items contain less of the actual product than is suggested by the size of the packaging. Some seven in 10 consumers say they now take food and drink from home on days out to avoid paying premium prices at venues.
Some 37% say they expect to spend less on Christmas gifts this year, just 13% anticipate spending more and 18% have started buying presents to spread out the cost, while 14% have spoken to loved ones to make a mutual agreement to cut back on gift-giving.
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