What is Consumers prices consumer spending and interest rate?

Consumer prices refer to the average change over time in the prices paid by consumers for goods and services, often measured by the Consumer Price Index (CPI). Consumer spending is the total amount of money spent by households on goods and services, which drives economic growth. Interest rates are the cost of borrowing money or the return on savings, influencing consumer spending and investment; lower rates typically encourage spending, while higher rates can dampen it. Together, these factors interact to shape economic conditions and consumer behavior.