Lloyds Bank

Spending Power Report

26 November 2012

  • There was no annual growth in real discretionary spending power in October as income growth after inflation remained in negative territory, albeit marginally.
  • Spending on essential items grew by 3.2% from a year earlier.
  • The strongest growth in spend on essential items was for food and drink, with gas and electricity following closely behind.
  • Inflation on non-essential items stands at 2.4%, slightly below the 2.7% rise in the Consumer Price Index reported for October.
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