6/6/2023 0 Comments Scanner pro business cards"For example, in March 2023, fuel prices were nearly 20% lower than last year. "Starting in March and through the summer, we will be lapping the peaks in fuel prices last year," Prabhu said. That is good news for inflation watchers. "Ticket sizes are declining as inflation moderates," he said. Why? Is the consumer suddenly weakening? No. ![]() Prabhu said ticket size rose 1% year-over-year in the first quarter, but fell 2% from March 1 to April 21. Put them together, and you have "volume." Prabhu noted that volume growth fell in March and through the first three weeks of April. "As we said, spending across most categories - other than a couple I mentioned like fuel and some retail goods price cutting - very strong across services, strong across travel and entertainment, strong in nondiscretionary." There's two key drivers for credit cards: Average ticket, or the average amount spent per customer per visit, and transactions, or the number of times the card is used. "We think the consumer is still in good shape," said Visa CFO Vasant Prabhu on the company's conference call. Visa, which just reported earnings above expectations, is a great window into their behavior. ![]() Here's an easy way to clear your mind: Focus on the health of the consumer. With dozens of financial reports on tap each day during this busy earnings week, it's easy to get lost trying to decide what is worth focusing on and what's not. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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