Publications
Partners
Johannesburg - TransUnion CEO Geoff Miller told Fin24 in an interview that it is concerning that consumers are using credit cards more frequently to most likely make day-to-day household purchases.
He was discussing the latest TransUnion Consumer Credit Index (CCI), which showed that consumer credit health deteriorated marginally in the first quarter of 2014.
"We think inflation is something that really needs to be looked at and watched carefully."
He said according the data from the Consumer Price Index, core product increases were almost double-digit for most of the items that consumers buy.
Miller also cautioned that because of inflation the South African Reserve Bank could hike interest rates in the future, which could place further strain on consumers.
Watch
- Fin24
Help us help you by taking our second annual Debt survey and you could win R3 000, or add your voice by sharing your debt experiences, debt-busting tips and insights. Have a question? Ask our experts.
He was discussing the latest TransUnion Consumer Credit Index (CCI), which showed that consumer credit health deteriorated marginally in the first quarter of 2014.
"We think inflation is something that really needs to be looked at and watched carefully."
He said according the data from the Consumer Price Index, core product increases were almost double-digit for most of the items that consumers buy.
Miller also cautioned that because of inflation the South African Reserve Bank could hike interest rates in the future, which could place further strain on consumers.
Watch
- Fin24
Help us help you by taking our second annual Debt survey and you could win R3 000, or add your voice by sharing your debt experiences, debt-busting tips and insights. Have a question? Ask our experts.
