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Prices Drive Card Spending

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

By David Morrison | Updated on October 24, 2011

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

“Rising inflation, particularly on nondiscretionary purchases such as food and gas, continued to boost dollar volume growth and average ticket growth,” said Silvio Tavares, senior vice president and division manager of First Data Global Information and Analytics Solutions, which publishes “SpendTrend.”

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