The Asda Income Tracker was £4.67 a week lower in June 2020 than a year before
The data from Asda's June 2020 Income Tracker also showed;
- Family spending power fell by 2.2% in the year to June, the steepest contraction since August 2013
- The latest figures from HMRC show that the number of people on furlough crossed the 9 million mark in June
- Inflation, as measured by the Consumer Price Index (CPI), edged up by 0.1 percentage point in June to stand at 0.6%
- Low energy prices continue to support household incomes. Vehicle fuel inflation stood at -16.4% in June, the third consecutive month of double-digit deflation
The full report for July can be read here.