UK inflation falls sharply on back of 'eat out to help out' scheme
by Phillip Inman from on (#585ZM)
Restaurant subsidy strategy introduced because of Covid-19 crisis has dramatic effect
UK inflation dropped sharply to 0.2% in August after the government's eat out to help out" scheme pushed down restaurant and cafe prices.
The fall in the annual consumer prices index (CPI) last month followed a rise of 1% in July, illustrating the dramatic influence on prices of the restaurant subsidy scheme that operated for a month to the end of August.
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