The Asda Income Tracker also shows there has been a 2.6 per cent fall in the amount of disposable income available to typical UK households.
To compound the problem, the cost of essential items and services is continuing to soar, having risen by 5.1 per cent on prices from May 2009.
Andy Clarke, president and chief executive officer at Asda, says: "This month's Asda Income Tracker really shows how tough customers are finding it out there, even before the emergency Budget."
Posted by Anne Yevel
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