The Velera Payments Index August 2025

Summary: Consumer spending showed signs of recovery in July, with debit activity rebounding and credit growth staying modest. Inflationary pressures continue, particularly in the tariff-sensitive Goods and Services sectors, contributing to cautious consumer sentiment. In the August 2025 edition of the Velera Payments Index, we present a deep dive into economic uncertainty, examining how shifting conditions — from price increases to labor market changes — are influencing consumer behavior.