Across the United States, prices have been increasing across all industries. In July, inflation stood at 8.5%, down slightly from 9.1% in June -– the highest U.S. inflation seen since 1981. Yet, total consumer credit card spending grew 14.6% in July compared to a year earlier. The strong jobs market and high consumer savings rates during the pandemic have aided consumers spending above inflation.
Find out how recent inflation has impacted consumer spending and predictions of what’s to come. Download this fascinating report, created with Commerce Signals’ transaction data, to learn more about how recent inflation has impacted consumer spending and predicts what’s to come.