Well it was the season for festive cheer.
And we consumers didn’t disappoint, with spending growth rocketing to an eight-month high in December.
In December, consumer spending growth hit four per cent, outpacing both inflation and the fourth quarter average of 3.2 per cent growth.
Online spending recorded double-digit growth of 14.1 per cent as many consumers sought out Christmas deals online.
There was growth in both essential and discretionary spending, which rose by 3.7 per cent and 4.2 per cent respectively. And, as food prices continued to rise, spending in supermarkets was up by 3.5 per cent.