Household outlays have been reduced for the eighth consecutive month. This decrease in spending is occurring at a time when prices are rising.

Further information on this trend is available from Bloomberg.com, which reported on the situation. The details of the reduction in household outlays and the associated price increases can be found in their report.

The report from Bloomberg.com provides more insight into the current state of household spending and the impact of rising prices, but specific details are not provided here.