Business news

The Latest Asda Income Tracker

Posted By:
ASDA Stores Ltd

27th Jul 2023

The latest Asda Income Tracker published this week. The topics covered include:

  • Seventh consecutive quarter where NI household spending power is down, although the magnitude of the drop is falling as inflation slows.
  • 17 per month less discretionary income than a year ago.
  • The near-term outlook appears more positive, with subsiding inflation and continued wage growth set to support households. Alongside other areas of the UK, Northern Ireland is expected to see a return to annual growth in spending power from Q3 onwards.

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