The nation basks in ‘No-flation’
Good Friday Feeling For Families Across the UK As Household Spending Power Sees Double-Digit Growth.
“No-flation” brought good news to families across the UK as Asda’s latest Income Tracker revealed that Brits were £16 better off in March than they were during the same time last year – an increase of 9.7%. Families now have £185 a week to spend on the things they want rather than the items they need.
The UK continued to enjoy “No-flation”– as inflation remained at 0.0, its lowest level in 55 years thanks in large part to the falling cost of clothes and shoes. The drop in the cost of these items, which fell by 0.2% over the 12 last months, will be welcome news for people looking to spring clean their wardrobes and refresh their closets in time for the summer sun.
Families are also beginning to benefit from falling gas prices, which also helped to drive inflation down to Zero last month, after falling 4.2% over the last 12 months. The fall means that households are finally reaping the rewards from promises made by gas companies at the beginning of the year to drop their prices. Find out more and read the full report.