Fed: Shoppers spend up big despite inflation warnings

AAP General News (Australia)
12-27-2007
Fed: Shoppers spend up big despite inflation warnings

Shoppers have shrugged off concerns about rising interest rates .. to part with their
hard-earned billions at the post-Christmas sales.

Retailers were still counting cash registers late today .. but anecdotal feedback suggests
Australians are set to exceed the predicted six billion dollar .. splurge between Boxing
Day and mid-January.

That's on top of the estimated 36.5 billion dollars Australians spent in the lead-up
to Christmas.

Suburban and regional centres did a roaring trade today after the traditional Boxing
Day sales at major city stores.

AAP RTV dcr/wz

KEYWORD: SALES NATIONAL (CANBERRA)

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