UK Households' Discretionary Income Gains £12 Year-On-Year In March 2016

In the UK, the average household had £198 a week of discretionary income in March 2016, compared with £186 in the same period in 2016, according to the Asda Income Tracker report for March 2016. Year-on-year net income growth recovered in February 2016 but slowed slightly again in the latest study. Also, with the overall price of essential items starting to rise on a yearly basis, additional costs are having a more significant impact on discretionary incomes. Spending power also grew slowly, due to the 2 percent drop in total pay growth. Annual consumer price inflation rose to 0.5 percent, higher than the 0.3 percent recorded in the previous two months and representing the highest rate of headline inflation since December 2014.