PSCU Payments Index February 2023: An in-depth look at Payments Index Refinements

Summary: In the February 2023 edition of the PSCU Payments Index, January’s growth rates finished better than December growth rates for credit and debit cards, with debit experiencing a bit stronger growth compared to prior months. In addition, we are beginning to see growth rates for transactions and purchases converge for both products as the rate of inflation slows. In this month’s Deep Dive, we outline several refinements to the PSCU Payments Index and introduce new measures on discretionary and non-discretionary consumer spending.