Today in data, retailers are hoping inflation has peaked. Also, inflation continued to climb in February, and the Main Street Index shows more increases but a few areas that are struggling to recover from the COVID-19 pandemic.
Data
8.5%; 6.5%: Inflation increase in February 2022, including and excluding food and gas, respectively
$11,000; $788: Savings amassed during the COVID-19 pandemic by consumers making more than $100,000 and less than $50,000 annually, respectively
1.6%: Quarterly increase in PYMNTS’ Main Street Index in 2022 Q1, the fourth straight quarter with an increase
3/9: Share of segments still below their pre-pandemic levels in Main Street Index
25%: Drop in S&P Retail Index since its all-time high in November 2021
$4.10: Average cost of a gallon of gas, down 6% in 30 days
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