Consumers could be digging deeper into their pockets soon with fuel and food prices expected to increase even further.
Some analysts are predicting a petrol price hike of around 18 cents a litre next month while the price of red meat could spike by between 50% and 60%.
Debt Rescue’s Neil Roets says consumers find themselves over in debts.
“These further price increases are just going to be devastating towards consumers. A lot of consumers find themselves in a situation where they are over in debt meaning that they are in arrears with at least three payments on one of their accounts,” he said.
