Eat Out to Help Out drives UK inflation to five-year low
Image copyright PA Media
The UK’s inflation rate fell sharply to a five-year low of 0.2% in August as the effect of the Eat Out to Help Out scheme pushed down restaurant prices.
July’s Consumer Prices Index (CPI) inflation figure had been 1%.
The VAT cut in the hospitality sector from 20% to 5% was also a factor, said the Office for National Statistics.
Low inflation is good for consumers…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.