Invasion, inflation and the incredible shrinking wallet
After Covid, it looked as if consumer spending power would recover, but this optimism has ground to a screeching halt writes Shawn Stockigt
There is a lot of negative news overhanging companies with a retail consumer focus — given that these businesses fight for a share of the consumer’s wallet.
Higher inflation is shrinking this wallet, driven most notably by a surge in oil and food prices following Russia’s invasion of Ukraine, which has negatively affected global energy prices and resulted in a widespread increase across the consumer price inflation basket...
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