The Velera Payments Index May 2024: A Deep Dive into Overall Food

Summary: Welcome to the newly rebranded Velera Payments Index! Our May 2024 edition reveals growth in consumer spending was modest in April, aligning with slowing economic indicators that could stimulate Fed rate cuts later this year. We also revisit a Deep Dive into Overall Food, which includes groceries and dining out – and provides additional context for inflationary impacts on non-discretionary spending.