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Funflation drives higher hobby spending as travel costs rise

CNBC reports consumers are still spending more on arts and crafts and outdoor sports even as higher airfare makes travel more expensive.

Reported · Written up by our desk · Sectors

CNBC reports that so-called funflation is rising as consumers spend more on hobbies such as arts and crafts and outdoor sports.

According to CNBC World, the increase comes as it gets pricier to travel, with higher airfare making trips more expensive.

Despite the added costs of travel, consumers are continuing to spend on leisure pursuits, the outlet said.

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