Soaring prices have dealt a sharp blow to consumer confidence in Northern Ireland, according to a new survey from Danske Bank.
Its Northern Ireland Consumer Confidence Index showed inflationary pressures had eroded confidence across the board with consumers feeling less confidence about their current finances, future finances, job security and expected spending on expensive items.
The report comes after the UK inflation rate hit a multi-decade high of 9.4% in June – the month the survey was carried out – on the back of rising energy prices.
