Economy

Household disposable income keeping pace with inflation

Household savings rates rose to 10.6 per cent, new CSO data shows

Savings were up slightly in Q2

Household disposable income is “keeping ahead of price rices”, despite inflation rising faster than wages, new figures show, as saving rates rose marginally.

According to data from the CSO, the household savings rate increased from 10.3 per cent in the first quarter of this year to 10.6 per cent in Q2.

This is the third consecutive quarter where the rate has been between 10 and 11 per cent, having declined from its peak of over ...