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Politics

Poppy Johnston

Thrifty December cures sales-fuelled debt hangover

RBA Reserve Bank of Australia Michele Bullock Shane Oliver Inflation Australia

Consumers compensated for a November shopping spree by tightening belts in December, data shows. (Jeremy Ng/AAP PHOTOS)

Frenzied spending during the Black Friday sales left many nursing credit card debt in the lead-up to Christmas.

Australia's credit card bill attracting interest charges inched higher by $21 million in December to $17.31 billion, Reserve Bank of Australia data shows, reflecting a big-spending November as consumers snapped up goods on sale.

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