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First Data Analysis Suggests Card Spending Up, But Also Flat

First Data Corp. says consumers spent more on their credit and debit cards in September 2011 than they did in the same month last year but the firm credited inflated prices for the increase rather than an increase in purchases.

By David Morrison | Updated on October 11, 2011

Consumers spent more on their credit and debit cards in September 2011 than they did in the same month last year, according to leading card processor First Data, but the firm credited inflated prices for the increase rather than an increase in purchases.

“Rising inflation, particularly on non-discretionary purchases such as food and gas, continued to boost dollar volume growth and average ticket growth,” said Silvio Tavares, SVP and division manager of First Data Global Information and Analytics Solutions, which publishes the monthly SpendTrend report.

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