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  • The average UK household had £160 a week of discretionary income in January 2014, up £3 a week year-on-year
  • Boosting family spending power in January was the fall in the rate of essential item inflation to 1.9% – the first time inflation has dropped below 2% in over 4 years
  • Other factors boosting discretionary income were falling petrol and diesel costs – down 1.8% year on year – and persistently low food price inflation (2%)
  • Although utility bills continue to put pressure on household finances, the rate at which these bills went up in January slowed on previous months as the effects of new government measures, introduced in the Autumn Statement took hold
  • The latest data also shows the first signs of a pick-up in pay growth (at 1% year on year), although a small rise in the rate of unemployment to 7.2% in the final three months of 2013, suggests the need for continued caution when it comes to the economic outlook for the year ahead

The latest Asda Income Tracker has revealed that family spending power increased by £3 a week year-on-year in January. The rise was driven by a fall in the rate of essential item inflation to 1.9%, the lowest rate in four years and below the government target of 2%.

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Posted in Press Centre on 20 February 2014
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  • Asda Foundation to donate £400,000 to local communities affected by floods
  • Parent company Walmart contributes $250,000 from the Walmart Foundation as part of the total fund
  • Local Asda stores to hold in-store fundraising collections

Today (Tuesday 11th February) The Asda Foundation is committing to lending its support to local communities affected by the floods with donations of up to £400,000.

Parent company Walmart have also contributed to the total fund with a donation of $250,000 from the Walmart Foundation to help people across the UK where flash flooding has forced thousands of people from their homes.

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Posted in Press Centre on 11 February 2014
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  • The average UK household had £158 a week of discretionary income in December 2013, up £2 a week year-on-year, but below the £165 all-time high seen in January 2010
  • This is the third consecutive month of slow but steady annual growth, suggesting a return to more stable conditions for household finances
  • Falling unemployment and slowing inflation rate – driven predominantly by downward pressure in food prices – helped boost family finances in December
  • The year-on-year increase in the Income Tracker was felt in all but two regions across the UK
  • But stagnating wage growth continues to hold back further improvements

The latest Asda Income Tracker has revealed that family spending power increased by £2 a week year-on-year in December driven by a sharp downward trend in inflation and a fall in unemployment to 7.1 per cent, the lowest rate in four and a half years.

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Posted in Press Centre on 24 January 2014
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New national price cap of 133.7ppl on diesel and 126.7ppl on Unleaded

Asda today (Monday 13th January) announced it would be cutting fuel by up to 2 pence per litre – the lowest price on diesel for three months.

From tomorrow morning (Tuesday 14th January) drivers filling up at any of Asda’s 229 forecourts nationwide will benefit from the retailer’s new national price cap on diesel and unleaded, meaning motorists will pay no more than 133.7 pence per litre for diesel and 126.7 pence per litre on unleaded.

Andy Peake, Asda’s Petrol Trading Director said: “We’ve quickly passed on the latest reductions in costs which is great news for motorists, particularly with household budgets so stretched after Christmas”.

Whilst Asda remains the only supermarket to have a national price cap when it cuts the price of fuel, ensuring drivers know what they will pay at the pump regardless of where they live, other fuel retailers are getting away with charging some drivers up to 8 pence per litre difference across their sites.

Savvy motorists can also check how much they will save on fuel by using Asda’s petrol price comparison site powered by independent price checker which enables drivers across the UK to find the lowest priced fuel before they fill up.

Posted in Press Centre on 13 January 2014
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  • 85% of grandmas over the age of 60 are using technology to make their income stretch further
  • Almost half of those over 70 are using technology to save money
  • Nine out of 10 mums turn to the internet to shop around

More and more gadget grandmas than ever are using tech to help their income or pension stretch further.

The latest Asda Mumdex report reveals that 85% of grandmas over the age of 60, and almost half of over 70s, have turned to the internet and apps to save money.

The poll of over 5,500 mums of all ages across the UK also shows that nine in 10 younger mums are using the web to save money.

Hayley Tatum, Asda’s Executive People Director said: “Mums of all ages are now turning to technology when it comes to managing the household budget. It’s refreshing to see that smartphone apps and comparison sites are not exclusive to the younger generation, and in general mums are feeling much more optimistic as they find effective ways to make the pound in their pocket stretch further.”

Key findings of the report include:

  • Two thirds of all mums have used the internet to change service providers to save money on their energy bills, their home insurance policies and to get the best possible interest rates on their savings by switching banks
  • Half of mums, more than 70% of whom now own a smartphone, have recently used money saving apps
  • Three quarters are regularly using online banking to make monitoring household expenses easier
  • 78% of 20 -29 year-old mums have done online shopping via a smartphone recently
  • 41% of mums have cooked from scratch using recipes online
  • Three in 10 non-working mums have used the internet to start an online business or a learn a new skill, such as a foreign language.
Posted in Press Centre on 03 January 2014