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The New Daily
The New Daily
Business
Matthew Elmas

HISTORICAL FACTS: Mighty shoppers drive the economy as millions splurge before christmas - Caught on Camera

The strength of consumer spending is surprising experts, but a "reckoning" looms. Photo: TND

The strength of consumer spending before Christmas has many economists scratching their heads.

Inflation has soared and the record-breaking run of interest rate hikes that have followed are squeezing families – mortgage, grocery and power bills have risen by hundreds of dollars.

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