Discretionary income up £2 a week year-on-year says Asda Income Tracker
- The average UK household had £160 a week of discretionary income in November 2013 – the highest level since July 2012
- Essential item inflation now stands at 2.0%, the slowest rate since February 2010, well down from the 3.0% seen just a few months ago
- Falling unemployment also played its part – down to 7.4%, its lowest level for four and a half years
- Good news for motorists too, as the cost of fuel fell by 3.6% year on year
The latest Asda Income Tracker has revealed that family spending power increased by £2 a week year-on-year in November, just in time for Christmas – driven by a sharp reduction in essential item inflation and the lowest unemployment rate in four and a half years.
According to the latest figures, released today (Monday 23rd December), the average UK family had £160 of discretionary income available to them in November 2013, up £2 a week on the same month last year – the highest level since July 2012 (£161 a week).Read more and see full report