Traffic down as higher year-on-year gas prices, continued high inflation and a tough comparison to a strong November 2021 drive traffic decline for the month.
Traffic volume in November declined compared to the previous year after three months of increases. While traffic volume was below November 2021, traffic volume was above the same month in 2019 for the third month in a row.
Traffic on a year-on-year (YoY) basis had grown for 15 straight months starting in March 2021 that benefited from the comparison to the first month that the pandemic lockdowns drove traffic volume down. In June and July,