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AAP

Business

Poppy Johnston

Consumer spending slowdown starts to show

Non-essential spending is weakening as interest rates lift and the cost of everyday items rises. (Luis Ascui/AAP PHOTOS) (AAP)

Rate hikes and the soaring cost of living are finally starting to weigh on household spending.

Non-essential outgoings decreased in August, according to CommBank's household spending intentions index, with sectors such as travel, entertainment, transport and retail all softening.

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