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keep in mind that the headline CPI inflation number does not necessarily apply to Visa as our basket of goods isn't the same. Consumers just don't buy homes or use cards with their Visa cards, for example.
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2022 Q3
29 Jul 22
Based on our numbers, we haven't seen any evidence of consumer pulling back spending in our markets
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2022 Q3
29 Jul 22
We mentioned the affluent spend returning to restaurants last quarter. That trend continued this quarter with affluent restaurant spend indexing in the 160% to 180% range versus 2019.
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2022 Q3
29 Jul 22
If you look at US travel spend, it is not backed to the pre-COVID trendline, but grew more than 40% versus last year.
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2022 Q3
29 Jul 22
And this indicates the most of 2022 with no indication of any slowdown including in more recent weeks.
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2022 Q3
29 Jul 22
Even as services have rebounded in the last six months, the percentage spending on goods in our payments volumes still remained high, higher than the pre-pandemic levels.
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2022 Q3
29 Jul 22
International volume was 120% of 2019
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2022 Q3
29 Jul 22
In the US, payments volume index to 2019 was 146% in the quarter.
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2022 Q3
29 Jul 22
Total Q3 payment volume was 136% versus three years ago
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2022 Q3
29 Jul 22