Are consumers reducing their spending

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for many products and services, scaring business leaders andtheir customers alike. However, has this fear influenced the way Quebecersshop? How does inflation impact their spending habits? Survey on the impact ofinflation on consumer spending in Canada 2023 What we're going to talk about  in the face of inflation? What is theimpact of inflation on the spending and behavior of Quebec consumers? Hasinflation had an impact on consumers' savings habits and

financial monitoring? How and where do Quebec consumers shopduring times of crisis? How to target and retain customers during an economicdownturn? Inflation in Canada is gradually increasing, and many consumers arefeeling the increase in costs on a daily basis . The consumer price Bulgaria Mobile Number List  index (CPI)continues to rise and the leaders of major Canadian banks are announcing adecline in the economy which could well lead to a recession . Banks aren't theonly ones with the word "recession" on their minds. In this surveyrecently conducted by Capterra among more than 1,000 Canadians (including 278residents of Quebec) responsible, at least partially, for their householdexpenses, 85% say they are “worried” about the idea of ​​a possible recession .Business

leaders in turn need to be concerned about the impact ofinflation on consumer habits and what solutions they can implement to encouragecustomers to continue consuming, even during difficult times. To providerelevant information relating to Quebec, we will focus on the 278 participantsresiding in this province. You will find the full methodology of this survey atthe bottom of this article. SMBs need to examine how consumers spend, save andseek discounts to learn how to best address their concerns. Are consumers reducingtheir spending in the face of inflation? In the first article in this series,we discussed Canadian consumers' awareness of rising prices . Faced with asluggish economy, nearly 8 in 10 Quebecers (79%) have changed the way theyspend.