Falling house prices and overall cost-of-living pressure have failed to slow down Australian household spending, which may worry the RBA.
Commonwealth Bank spending data shows payments from its more than seven million customers were up 0.6 per cent in July.
Overall, 10 of the 12 spending categories rose, led largely by discretionary spending.
Leading the rise was recreation spending, up 1.1 per cent in July, while spending in hospitality increased by 1.0 per cent.
Commonwealth Bank credits this uplift in spending on households willing to pay for experiences, with July packed with major events including the FIFA World Cup and The Odyssey film.
