Shoppers will face less financial pressure this Bank Holiday, with new research today showing families to be £17 a week better off.
Leeds-based Asda’s latest Income Tracker has revealed families across the UK now have £190 a week in disposable income
The chain claims that the price of vehicle fuels has fallen by 11.4 per cent since the same time last year.
“Falling food and drink prices are providing families with even more reason to stock up on supplies for a day at the beach, lunch at home with friends, an evening BBQ, or those last minute dinnertime plans. Since July 2013, food prices have dropped 6.7 per cent, meaning Brits across the country will be able to indulge a little bit more this bank holiday,” it claimed.
Asda Chief Executive Andy Clarke said: “As the summer holidays draw to an end, families everywhere are likely to be planning how to make the most of the August bank holiday and this month’s Income Tracker brings yet more good news to what has already been a positive summer for household budgets.
“Our customers continue to tell us they’re enjoying spending money on the things they want to do rather than need to do, so it’s reassuring to see that food inflation continues to be in decline and diesel prices are falling across the country.”
Sam Alderson, Economist at Cebr said: “Hopefully, this has helped to ease some of the other stresses parents face in the lead up to the bank Holiday.”