Mastercard spendingpulse: u.s. consumers continued to spend in july while navigating high inflation

Purchase, n.y.--(business wire)-- #consumer--according to mastercard spendingpulsetm, which measures in-store and online retail sales across all forms of payment, u.s. retail spending excluding automotive increased +11.2% year-over-year in july, while retail sales excluding automotive and gas rose +9.0%. notably, e-commerce sales were up 11.7% yoy, a sharp increase after months of softer growth. rising prices—particularly for necessities such as food and fuel—were a contributing factor, as mastercard spend
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