Payments Index May 2024: Deep Dive on Overall Food Reveals Inflationary Impacts on Non-Discretionary Spending

Summary: Food costs continue to consume the highest percentage of household budgets in more than 30 years due to stubbornly high grocery and restaurant prices. Explore the May edition of the Velera Payments Index, including a Deep Dive on the Overall Food sector, where we see grocery store spending maintaining the largest allocation of spend across both credit and debit.