South African consumers are being pummelled by an all-time high fuel price and escalating food inflation, say experts at FNB.

The March fuel price increase will have a severe impact on spending patterns, even on food, as consumers spend less and move to cheaper alternatives, says Dawie Maree, head of information and marketing at FNB Agriculture.

Grocery and food price changes expected in South Africa: FNB (businesstech.co.za)