Taylor Swift and Coldplay were responsible for an 88% increase in ticket spending last month.
The latest spending report from AIB also shows sales of cinema ticket soared by 132 per cent compared to June, driven by the summer blockbusters, Barbie and Oppenheimer.
Although the amount of money spent in July actually fell by 3 per cent , there was an increase in what we spent on takeaways and hotel stays.
Economist Jim power say the cost of living is having a real effect on peoples spending.
"There are clear signs that the cost of living pressures are influencing how people spend their money."
"We saw the average spend on clothing down ten percent, homeware down eight percent, grocery down seven percent, a significant increase of seven percent on spending in fast food restaurants."
"That suggests people looking for cheaper alternatives to eating out."
