Delta sees firm consumer spending

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DELTA Corporation (Delta) says consumer spending has remained firm despite the currency volatility and inflation witnessed lately in the economy.
High inflation is generally associated with reduced disposable income and a drop in consumer demand. The country’s annual inflation slowed to 101,3 percent in July from 175,8 percent in June as the local currency firmed against the greenback.
“There has been a general increase in the use of foreign currency for domestic transactions.