Index of Consumer Spending: November 2022

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Index of Consumer Spending: November 2022

Consumer and Business Confidence
8 min read

Author: David Ristovski

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The Index of Consumer Spending is powered by exclusive consumer transaction data provided by Moneris Data Services. Moneris is Canada’s number one payment processor with over 3.5 billion transactions spanning more than 325,000 merchant locations. Our index tracks weekly year-on-year changes in consumer spending, enabling us to gauge economic activity levels across the country.

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This month, we look at the effects of employment levels, food prices, and inflation on consumer spending growth in Canada.

Consumer spending growth remained relatively flat throughout October, but has it edged higher than recent months? How are Canadians adjusting their spending habits to cope with food inflation, which is sitting at 10.3 per cent? We share our findings for the week of September 25 to the week of October 16, considering the situation in each province and territory.

Read the online experience to get our full analysis.

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