Consumer spending remains largely stable as inflation rises, but a mix of pent-up demand from COVID-19 and diverse behavior among people with different income levels is complicating the deeper picture.
“Nobody has any consensus on this, but the big shape [to consider] here has been COVID,” Derek Stubbs, Senior Director Analyst at insights provider Gartner, explained on a webinar entitled ‘Top Inflation Concerns for 2022 and Beyond’.
