The Asda Income Tracker was £6.07 a week higher in February 2020 than a year before
The data from Asda's March 2020 Income Tracker also showed;
- Family spending power increased by 2.9% in the year to February 2020, down from an increase of 3.4% in the previous month
- Wage growth slowed for the sixth consecutive month, according to the latest data from the Office for National Statistics
Inflation, as measured by the Consumer Price Index, was down slightly at 1.7% in February 2020, having stood at 1.8% in January
- Price growth in housing and utilities slowed in February, decreasing by 0.2 percentage points compared to January. Electricity inflation remained elevated at 8.5% as a result of the changes in the price cap by Ofgem
The full report can be read here.