Data: Consumer confidence hits lowest point in a year as price rise fears grow

Queen Street, Cardiff

Consumer confidence has dropped to its lowest point since January 2021, one of the worst months of the pandemic.

Confidence in February 2022 declined by seven points to -26, according to the latest data from the GfK Consumer Confidence Index.

All measures dropped in February as consumers expressed concerns about rising prices across food, fuel and utilities.

 

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