Spending on hospitality and on groceries falls, Bank of Ireland figures show

Irish consumers are reining in their spending suggesting that inflation is beginning to bite

'[S]ome people may be getting more prudent with their money as they look ahead to the second half of the year,' according to  Jilly Clarkin of Bank of Ireland. File picture: Leah Farrell/Rolling News

Irish consumers curtailed spending in pubs and in restaurants, and on groceries, clothing, and electrical goods, in June, according to new Bank of Ireland figures that suggest inflation is starting to bite.

The lender's data are based on spending on its debit and credit cards and show fallbacks for a large range of goods and services in June from May, possibly because  households are anticipating paying more for their bills in the autumn and winter.