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Barclaycard: Consumer spending in October reflected inflation rise

Consumer card spending grew 3.5% year-on-year in October – higher than in September (1.8%) but well below the 8.8% rise in consumer price inflation – as the cost-of-living crunch continues to put pressure on Brits’ personal finances. Data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that spending …

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