Whilst a squeeze is evident, people seem to be more willing to spend their money on activities that enable human interaction.
This week’s chart assesses the effect that the holiday had on the housing market, as well as the wider economy.
These statistics combine to emphasise the mantra that many people are choosing between “heating and eating”.
Inflation has outpaced wage growth since the end of 2021, having a significant impact on the cost of living.
Thursday 5th May 2022, online
A significant proportion of economic activity occurs but is not captured by official GDP statistics in countries around the world