Consumers unlikely to spend their gasoline windfall

The drop in gasoline prices in recent months is good news for households’ purchasing power, but we doubt they will spend all of their windfall. In fact, limited scope for further strong house price gains suggests that consumers will save more of their incomes, causing spending growth to lag income growth.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.