The Asda Income Tracker was £8.52 a week higher in January 2020 than a year before
The data from Asda's February 2020 Income Tracker also showed;
- Family spending power increased by 4.0% in the year to January 2020, down from an increase of 4.8% in the previous month. Growth in the Income Tracker has now slowed for three consecutive months
- While the employment rate reached a new record high in the final quarter of 2019, climbing to 76.5%, pay growth continued to slow
- Inflation, as measured by the Consumer Price Index, rose to 1.8% in January 2020, up from 1.3% in December 2019. This is the highest rate of inflation recorded since July 2019
- The largest upward contributions to inflation compared to the previous reading came from the transport and the housing & utilities categories
The full reportcan be read here.