Consumers could be paying more for fuel, food

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.

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