Primax Payments Pulse:
Summer 2025 Spending Report

Shifting tariff policies and economic uncertainty are driving changes in consumer behavior, with early spending spikes and growing concerns about inflation shaping the outlook for late 2025.

The Primax Payments Pulse: Summer 2025 Spending Report compares year-over-year, same-store financial institution data and provides a three-month view of consumer transactions and trends from April through June 2025, including a deep dive into the economic uncertainty contributing to current consumer sentiment.

Key takeaways from this special edition report include:

• The quarter ending in June brought continued slow growth for credit and stable growth for debit, with debit purchases up 5%. The Goods and Money sectors (P2P payments) contributed two-thirds of that growth. Credit purchases were up 1.6% with the Services and Goods sectors contributing all of the increase. The Service sector growth was fueled by insurance premiums and rent payments. During this time period, debit transactions were up 3.1% and credit transactions were up 1.9%.
• The 12-month CPI through June increased by 2.7%, up 0.3% from May. The shelter index continues to contribute significantly to the monthly increase, up 0.2% in June, while the energy index increased by 0.9%. Core inflation, which excludes food and energy, was up 0.2% at 2.9% for June.
• There were signs of shifting consumer spending influenced by economic uncertainty in the market, with discretionary spending impacted in specific Travel and Entertainment categories. At the same time, online gambling continues to grow in debit transactions and purchases.

Download the full report for more key findings from April through June 2025.