First Insight’s latest report, “The State of Consumer Spending: Inflation’s International Impact,” takes a deep data-driven dive into inflation’s impact on consumer spending and sentiment across Europe, the U.K., and the U.S.
Researchers at the company found that inflation is now a key driver of deflating consumer confidence. “A vast majority of consumers in Europe and the U.S. report that they feel less confident to spend due to rising prices,” the authors of the report stated. “Germany is the most concerned about the issue, with 86 percent of consumers saying they feel less confident
to spend. French consumers are least concerned about rising prices, with three-quarters feeling less confident.”