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Rising food prices are one of the drivers of consumer inflation, which alongside high interest rates and increasing fuel prices is denting consumer confidence in all income groups. Picture: 123RF/STOKKETE
Rising food prices are one of the drivers of consumer inflation, which alongside high interest rates and increasing fuel prices is denting consumer confidence in all income groups. Picture: 123RF/STOKKETE

Following last week’s pre-close update from Hyprop, a few analysts have turned a little more bullish on the consumer as it disclosed that footfall was back to pre-pandemic levels. With masks now a thing of the past, there is some emerging optimism. But that needs to be tempered against last week’s three-decade- low consumer confidence number.

To talk about this, Michael Avery is joined by Jon-Jon Emary, retail strategy lead at NielsenIQ Retail; Chris Gilmour, independent analyst, and Mongezi Mtati, brand strategist at Rogerwilco

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