The Queen’s death led to a rise in the amount of alcohol being consumed in Australia, according to new data. The Australian Bureau of Statistics’ head of retail statistics Ben Dorber said that the national day of mourning led to an increase in people going out.
He said: “Many retailers remained open for the National Day of Mourning, an additional one-off public holiday in September, and this boosted spending on food, alcohol and dining out.”
During September the month that the monarch passed away Australian cafe, restaurant and takeaway food trade rose by 1.3 percent.
There was also a 1 percent rose in food retailing as well as an overall rise of 0.6 percent in retail trade.
In September, retail turnover increased for a ninth straight month despite the fact that the reserve Bank of Australia has been increasing interest rates every month since May.
Consumer spending reached a record high of $35.1billion, and was 17.9 percent higher compared to the same time last year, according to figures.
The latest industry figures also show strong spending on clothing and footwear.
AMP senior economist Diana Mousina said that the increase was not linked with the death of the Queen.
Instead, she argued that Australians were going out again after being denied such simply pleasures during the Covid lockdowns.
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Mr Langcake went on to argue that the slowdown of retail sales growth in discretionary items suggested households were starting to feel the effects of higher interest rates and soaring inflation.
He said: “With more interest rate increases to come, we expect momentum in consumer spending will slow further.”
Despite the mostly positive news the figures did show a slight drop-off in household goods retail sales, which has been flatlining in recent months, and department stores fell by 0.4 percent.