Retailers see opportunities as inflation pushes consumers to no-name brands | Fin24

Belt-tightening has begun. Consumers have started delaying big appliance purchases and more people are choosing their retailers' private labels over known food and grocery brands, said some of the retailers who spoke at the SA Tomorrow conference on Wednesday.

Food prices - notably oil and fat - have rocketed; fuel prices increased by 32.5% in May; and SA's consumer inflation hit 6.5% last month, breaching the upper limit of the SA Reserve Bank's target range of 4% to 6%.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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