Fuel price hikes squeeze households, businesses

The impact of the fuel price adjustments has put pressure on households and businesses alike. This is contained in the latest PayInc Economic Index, that declined by 0.5% month-on-month in April this year, to an index level of 104.8, signalling some moderation in economic activity. The index tracks the value of all electronic transactions cleared through PayInc, together with a wholesale cash component.

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