Data: Consumer confidence plummets as cost-of-living crunch bites

Person filling up a car at a petrol station

Consumer confidence dropped further in March as concerns over the cost of living grew, with 30-year-high levels of inflation and soaring fuel and food prices.

Consumer confidence declined by five points to -31 in March 2022, according to the latest data from GfK.

This was the same level as November 2020 during the UK’s second lockdown and 15 points lower than the same month last year.

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