The Asda Income Tracker was £1.33 a week lower in March 2020 than a year before
The data from Asda's April 2020 Income Tracker also showed;
- Family spending power fell by 0.6% in the year to March 2020, marking the first decrease since December 2017 and the joint-worst performance since April 2017
- Wage growth slowed for the seventh consecutive month, according to the latest data from the Office for National Statistics (ONS)
- Inflation, as measured by the Consumer Price Index (CPI), was down slightly at 1.5% in March, having stood at 1.7% in February
- The largest positive contributions to inflation stemmed from the Restaurants & Hotels and Housing & Utilities categories, contributing 0.25 and 0.22 percentage points to the headline inflation rate
The full reportcan be read here.