Final January 2025 Consumption Data Shows Stronger Growth Than Initial Estimates

On January 22, I reported a 5.31% year-over-year increase in consumption based on the first 14 days of January 2025. This “flash estimate” provided an early indication of growth, comparing the initial two weeks of January 2025 to the same period in January 2024.

Now, with the complete data for January, I can confirm that the consumption index has stabilized at slightly above 6.5% year-over-year growth. This final figure not only exceeds the early estimate but also represents a notable rebound from December’s performance.

As anticipated, daily data updates refined the initial understanding, with the index reaching stability just a few days into February. This highlights the value of this dynamic, month-to-date tracking approach, offering timely insights while capturing the evolving picture as new data arrives.

Stay tuned for continuous updates, and explore the latest trends via the embedded live graph or directly at https://fable.radar.iza.

Even adjusting for inflation (2.8%) for January the index is above board.

Linke to Paper: The IZA/Fable Swipe Consumption Index