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Consumer spending rises despite inflation: Mastercard

August 8, 2022


Mastercard’s calculations did not adjust for inflation, so some of the rise in spending found in the report can be attributed to surging prices for consumer goods and services. And as for e-commerce retail sales, the report noted that consumers were shopping more online during sales events in search of discounts.

Inflation in the U.S. has risen this year to 40-year highs, with prices climbing for a range of consumer items and services.

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