Consumer Expenditure Survey: biggest increases in spending since 2021: dog food (+43%), incontinence products (+49%), funeral services (+33%), pets (+27%), household paper products (+20%), hearing aids (+14%) and chickens/eggs (+52%)

Initial claim: Declines in consumer spending are being seen in the automotive, clothing, and appliances spaces clustered around decline in vehicle and restaurant spending. However, funeral services have seen an increase of 33% since 2021, along with incontinence products (49%), dog food (+43%), chickens/eggs (+52%), pets (+26%) and household paper products (+20%).