All these <\/span><\/span>factors were deemed to be high risk by more than 90% of key informants.<\/span><\/span><\/p>\n And in the third quarter, Momentum noted that high increases in municipal tariffs are expected to also affect consumers negatively. Large metro’s such as Tshwane, Johannesburg, Cape Town and Ethekwini are all expected to see significant increases in property, electricity, water, sanitation and refuse tariffs.<\/p>\n Some of the most significant increases are seen in the water and electricity sector ranging from around 7.5% or more.<\/p>\n According to Momentum, fuel prices followed by food prices will pose the most significant risk to consumers’ financial stability in Q3. Municipal tariffs, interestingly are positioned below load shedding in terms of risk but show no possibility of being low risk:<\/p>\n “High levels of consumer financial vulnerability in the short to medium-term will in all likelihood persist, given an increasing number of structural imbalances, downside risks, political and social instabilities, increasing poverty and inequality, as well as governance and government administration deficiencies,” said Momentum.<\/p>\n “This will negatively impact the economy, employment and household incomes, which will filter through to adversely affect all aspects of consumer finances.”<\/p>\n A look back<\/strong><\/p>\n Risks in the second quarter were supported by the fact that significant increases had been recorded in, for example, fuel and food prices compared to a year ago, said Momentum.<\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/08\/Screenshot-2022-08-11-101536-e1660205790421.png\")
<\/a>The CFVI reported that the majority of surveyed respondents expect that consumer price inflation will increase rapidly in Q3 2022. Respondents also anticipate the following:<\/p>\n\n
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