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Asda Income tracker - November 2019

November 28, 2019 02:39pm
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Income Tracker growth rises to three-and-a half-year high as inflation falls back

This month the Asda Income Tracker data show that;

  • The Asda Income Tracker was £14.00 a week higher in October 2019 than a year before
  • Family spending power increased by 6.8% in the year to October 2019, up from the 6.1% annual increase measured in the previous month
  • This is the highest annual increase in percentage terms since May 2016, when discretionary incomes rose at a rate of 7.0%
  • In pound-terms, the Income Tracker was £14.00 higher than in October last year
  • Households benefitted from lower inflation in October, brought about by a decrease in energy prices
  • Inflation, as measured by the Consumer Price Index, fell to 1.5% in October, down from 1.7% in the previous month. This is the lowest rate of inflation in three years

50 to 64 year-olds have the highest weekly discretionary income at £294

The full report can be read here.

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