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Consumer resilience despite higher prices

Mastercard SpendingPulse | US Snapshot - March 2022

In March, total retail sales were up 8.4% year-over-year, as spending trends reinforced the diversification of consumer spending across sectors and channels, according to the latest Mastercard SpendingPulse . Michelle Meyer, U.S. chief economist, Mastercard Economics Institute said “Consumers have been resilient in the face of higher oil and food prices which have come along with a gain in overall inflation. Looking at Mastercard SpendingPulse, we see a continuation of broad-based spending.”

GZERO MEDIA

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