Consumers actually increased their overall spending despite rising costs of inflation: AP

[Ebowed]

This makes sense, as people would/should be preparing for further inflation by purchasing goods that they think will be more expensive later.  Even for bigger spends, if there is ambiguity about the mid- and long-term health of supply chains, it makes sense to try and ink contracts sooner than later, armed with the knowledge that prices are unlikely to meaningfully come down on current trends.