Rising inflation dents Father's Day spend

Some dads may be victims of rising inflation as people plan to spend less on Father's Day gifts. (James Worsfold/AAP PHOTOS) (AAP)

Spending on Father's Day gifts has slumped as the rising cost of living sees Aussie consumers rein in purchases for dads across the country.

Australians are set to spend $735 million on Father's Day gifts this year, down 7.7 per cent from 2021, according to Australian Retail Association research released on Sunday.