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Revolut customers spending 13% more than last year

Revolut users are prioritising shopping and actives where prices have stayed the same over the past year.
Revolut users are prioritising shopping and actives where prices have stayed the same over the past year.

Revolut customers in Ireland are spending over 13% more than they did during the same period last year.

New data from the digital bank reveals that people have reduced their spend on products and services that have increased in price over the last 12 months.

Instead, they are prioritising shopping and activities where prices have stayed the same - or only slightly increased.

For example, the figures show the number of customers at sporting goods stores dropped by over 12% as the average customer is spending over 13% more - suggesting that prices have increased significantly.

However, the average customer at a florist is paying the same amount, year on year, but florists have seen the number of customers increase by 9%.

Meanwhile, the average customer spend at antique shops is down by over 5%, but they have seen the number of customers jump up by almost 54% in the past year.

The data shows the average consumer spend on amusement parks, cinema tickets, spas, and gyms, has seen very little to no change - which suggests that stable prices could be part of the reason for the increase in number of customers.

Despite an increase in prices at department stores, the data suggests that they may be having a revival - with the number of customers up over 23% on the same time last year, even though the average customer is spending over 10% more.