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Irish consumers to spend less but borrow more over Christmas, says CCPC

Competition and Consumer Protection Commission research puts the average expected spend at €1,030 this year compared with €1,186 in 2022

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Average Christmas spending set to fall 13%

Average Christmas spending set to fall 13%
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Families facing a cut-back Christmas as they spend less but borrow more, research shows

The rising cost of most goods and services is set to force consumers to rein in their spending this Christmas.

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People spending less but borrowing more this Christmas

Irish shoppers expect to spend €1,030 this year, down from €1,186 in 2022

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Almost a third of consumers are planning to borrow to fund Christmas this year

The average expected spend this Christmas is lower than last year, according to the Competition and Consumer Protection Commission.

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