Asda Income Tracker Highlights Inflation Hit To Middle-Income Families

Asda Income Tracker Highlights Inflation Hit To Middle-Income Families

Asda’s latest Income Tracker shows that disposable incomes fell for 60% of UK households last month, with the first decline for middle-income families since September 2023. The contraction follows a sharp rise in inflation, which reached 3.8% in July – (more…) The post Asda Income Tracker Highlights Inflation Hit To Middle-Income Families appeared first on KamCity.

Data: UK households' spending power falls due to inflation - Grocery Gazette - Latest Grocery Industry News

The spending power in UK households has been reduced as consumers deal with the pressure of higher inflation, according to the latest figures from Asda’s Income Trackers. The cost of…

Disposable income falls for 60% of UK homes - Retail Gazette

Disposable incomes dropped for 60% of UK households in July, representing the first decline for middle-income families since September 2023, according to Asda’s latest income tracker. The decrease follows a sharp rise in inflation – which hit 3.8% last month – marking the highest level so far this year. The cost of essentials, including food, drink and transport, was also up 5.1% year-on-year, the supermarket’s tracker found. Middle-income house…