The Deloitte Consumer Tracker: Caution remains despite rising incomes

This edition of The Deloitte Consumer Tracker provides detailed insight into patterns of consumer spending and explores the underlying drivers of spending behaviour.
Consumer and market inflation expectations are out of line at the start of 2013. While consensus forecasts point to further slowing of inflation in the coming year, consumers remain concerned about rising prices and continue to rebuild their finances. Despite some improvement in their financial circumstances, consumers remain cautious and continue to focus on cutting debt. In the year to the fourth quarter of 2012 inflation slowed significantly, but consumer inflation expectations remain unchanged. Many people have become accustomed to higher levels of inflation and expect prices to continue rising in 2013, particularly for food, drink and utilities. Inflation expectations...

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