Household spending power hits six-month low – supermarket

Shoppers at an Asda supermarket in Oldham (Dave Thompson/PA) - (PA Archive)

Household spending power has hit a six-month low as rising essential costs outstrip wage growth, according to supermarket figures.

Although wages continued to rise, higher transport, housing and energy costs absorbed an even greater share of household incomes, leaving families with less money available to spend, according to Asda’s latest income tracker.