- The average UK household had a weekly disposable income of £197 in February, £12 more than in February 2015
- Annual growth in spending power remained in the double digits in pound terms for the sixteenth consecutive month due to high wage growth
- Wage growth remained the biggest contributor to increased household discretionary income, an increase of 2.2%
- Essential item inflation reached 0% last month, the first non-negative reading since January 2015
Asda’s latest Income Tracker has revealed that families across the UK enjoyed another double-digit increase in spending power last month, with disposable income for UK households reaching £197 a week.
February’s figure is an increase of £12 (6.7% annual increase) compared to the same month last year, as the added boost in discretionary income grew for the first time month-to-month since September 2015.Read more