The Asda Income Tracker was £2.30 a week higher in September 2020 than a year before
The data from Asda's October 2020 Income Tracker also showed:
- Family spending power increased by 1.1% in the year to September. This marks the second consecutive month of annual growth following a revision to August’s data
- August saw a noticeable return to work among employees previously on furlough, with figures from HMRC pointing to a 12.0% fall in the number of individuals making use of the Coronavirus Job Retention Scheme
- Inflation, as measured by the Consumer Price Index (CPI), picked up by 0.3 percentage points in September, reaching 0.5%
- Utility prices fell across the board in September, helping to keep essential spending levels in check. Gas prices remain especially suppressed, exhibiting an annual growth rate of -12.0%
The full report for October can be read here.