Inflation & Prices
UK Office Workers Stop Splurging on Lunches as Inflation Bites
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UK office workers aren’t spending on lunches near their workplaces like they did just after Covid restrictions ended, as inflation crimps budgets.
Workplace foot traffic data only explained about 11% of credit card spending patterns in 2022, compared with over half in the period starting in February 2020 through 2021, according to a report from the Office for National Statistics. The ONS looked at Google Mobility movement trends in workplaces and an indicator of credit and debit card purchases from the Bank of England in its analysis.