Higher spending among consumers has been sustained across the first quarter of the year, with the latest ILAM Consumer Spending Index showing increased volumes in purchases made.
Compared to the previous index that covered the last quarter of 2024, the latest trend is motivated more by reduced prices rather than costly commodities.
The downward trend of inflation has been mentioned as a key driver of these expenditures.
The index released by ICEA LION Asset Management also shows a change compared to last quarter in the segment of the economy where increased incomes were reported.
