Infographic: Inflation - How is it Impacting Your Bottom Line?
Inflation has affected all major industries in the U.S., according to the latest report of the Bureau of Labor Statistics.
In July of 2022, the CPI reached 8.5% in YOY growth, and merchants are noticing the strain on their fees.
CMSPI estimates that 85.6% of all card fees are percentage based, so as prices go up, so do fees. The infographic below takes a deep dive into the effects of inflation on cost.