Deloitte: Irish consumers worry about inflation but plan to spend on holidays

Seven in 10 people will spend money on holidays in the next month at home or abroad, survey finds

Irish people are worried about inflation and interest rate hikes but are nonetheless spending on holidays this summer. 

Many Irish households plan to spend on travelling at home and abroad amid signs that people will spend on leisure, despite the fallout for utility bill and grocery food prices from the war in Ukraine, according to a leading survey.

Deloitte's Consumer Tracker also found Irish people were among the top three most worried of 23 countries about the effects on their everyday lives from inflation and looming hikes in interest rates, but were nonetheless spending on holidays this summer.