PYMNTS-MonitorEdge-May-2024

inflation

Valvoline Aims to Be Pure-Play Retailer as Consumer Demand for Auto Service Rises
Valvoline Aims to Be Pure-Play Retailer as Consumer Demand for Auto Service Rises
August 01, 2022  |  Retail

Valvoline, the second largest operator of oil change and auto service locations in the U.S., said Monday (Aug 1) that it sold its global lubricants...

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Inflation Bites as 13% of US Consumers Spent More Than They Earned in Last Six Months
Inflation Bites as 13% of US Consumers Spent More Than They Earned in Last Six...
August 01, 2022  |  Consumer Finance

As inflation continues its upward swing, consumers worldwide are finding it more difficult to manage spending and put aside savings under mounting financial pressures. In...

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Consumers Think Twice About Restaurant Spending as Inflation Climbs
Consumers Think Twice About Restaurant Spending as Inflation Climbs
July 29, 2022  |  Consumer Insights

As food prices rapidly rise, consumers are rethinking how they spend at restaurants. By the Numbers Research from PYMNTS’ new study,  “Consumer Inflation Sentiment: July...

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Consumer Spending Surges as Inflation Eats Away at Household Budgets
Consumer Spending Surges as Inflation Eats Away at Household Budgets
July 29, 2022  |  Economy

Consumer spending climbed 1.1% in June with higher fuel and food costs amid 40-year record high inflation that is continuing to eat away at paychecks...

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New Study Finds 70% of US Consumers Cutting Back on Nonessential Retail Purchases
New Study Finds 70% of US Consumers Cutting Back on Nonessential Retail Purchases
July 29, 2022  |  Consumer Finance

With prices increasing at the fastest rate since 1981, Americans are feeling the pinch. PYMNTS’ data reveals that 86% of United States consumers believe they...

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Today in the Connected Economy: Mastercard Names New BNPL Partners
Today in the Connected Economy: Mastercard Names New BNPL Partners
July 28, 2022  |  Connected Economy

Today in the connected economy, Mastercard names a number of new partners to its buy now, pay later program, Mastercard Installments. Also, inflation leads McDonalds...

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Mastercard Results Detail Spending ‘Shift’ by Consumers Amid Inflation
Mastercard Results Detail Spending ‘Shift’ by Consumers Amid Inflation
July 28, 2022  |  Earnings

It’s becoming a familiar theme — the U.S. consumer is resilient, and spending is buoyant and of course, the wild card is how long it...

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Inflation Redefines ‘Value’ at McDonald’s, Other Fast Food Chains
Inflation Redefines ‘Value’ at McDonald’s, Other Fast Food Chains
July 28, 2022  |  Economy

If a value menu deal seems too good to be true, there is a good chance that the restaurant agrees — as food prices continue...

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Inflation, Consumer Spending Dominate Earnings, Fed’s Focus
Inflation, Consumer Spending Dominate Earnings, Fed’s Focus
July 27, 2022  |  Economy

The great softening is upon us. The Federal Reserve’s most recent Federal Open Market Committee (FOMC) statement Wednesday (July 27), which accompanied another historic 75...

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