 Consumers are still really feeling that pressure from those higher prices overall, and they're adjusting their spending accordingly. Focusing mostly on the essentials. Consumer spending has often been surprisingly strong in the face of inflation, but a lot of those purchases were made with credit cards, and that's starting to add up, says Jane Halley's Jessica Ramirez. Consumers have really accumulated debt during this time. So again, that's still something that's sitting on their plate.