The bank’s Consumer Spending Index found that despite these ongoing inflationary pressures, Brits are still keen to book holidays to look forward to later in the year.
Spend with airlines increased by 32.1% year-on-year in April, a slight uplift compared with March (28.5%).
The report also found consumers are feeling "noticeably more confident" in their household finances and ability to spend on non-essential items (67% and 56% respectively), compared to last month (59% and 48% respectively).
Meanwhile, optimism in the future of the UK economy has also increased to 25%, up two percentage points on March.
