What Do Card Data Reveal About the Impact of Energy and Food Shocks on European Consumers’ “Everyday Spending”?

A new OECD Ecoscope blog post explains how energy and food price shocks have weighed on European households’ “everyday spending” since 2018.

New post on the OECD’s Ecoscope blog, with Sebastian Barnes and David Haugh (OECD Economics Department) and Luis Monteiro and Sidharth Goel (Mastercard Economics Institute), based on Working Paper No. 1864:

Energy and food shocks have weighed on European household spending since 2018, and a new dataset of aggregated, anonymised monthly card spending for 12 European countries traces how they slowed growth in “everyday spending”, with shifts across spending categories and marked differences across regions.

Read the blog on OECD Ecoscope ↗ · Full Working Paper post ↗