Spending on cards fell last month for the first time in more than three years, according to Barclays.
It is the first time there has been a drop in card spending values since February 2021, the bank’s June data showed.
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The numbers cover almost 40% of the country’s credit and debit card transactions and combine this with consumer research.
It is due to a combination of prices rising less than before, such as inflation weakenedIt is humid climate dampening clothing, pub and garden center sales at the start of the month.
Declines were also seen in supermarket card spending, which fell for the first time since June 2022, two years ago.
Barclays attributes this to cuts in consumption, in addition to sharp falls in food inflation.
The majority of shoppers (65%) said they are cutting back on weekly grocery spending and more than half are looking for discounts through loyalty schemes and other in-store offers.
The weather has led to two in five Brits saying they spend less than usual on summer products, with clothes being the most common cut.
But growth was seen in entertainment and cinemas had their busiest day of the year on June 15, the day after the release of Disney Pixar’s Inside Out 2.
More was spent on delivery and streaming services as new seasons of shows like Bridgerton and House Of The Dragon were released.
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The Euro football tournament also gave a boost to spending in pubs, bars and clubs – although restaurant spending also fell, which Barclays said reflected people’s selective and cost-conscious approach.
International vacation spending with airlines and travel agents also grew during the month, but bookings at domestic hotels and resorts fell.
There were also signs of economic hope, as 73% of people said they felt more optimistic about their ability to live within their means.
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