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UK inflation falls sharply on back of eat out to help out scheme

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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.

Related: Eat out to help out scheme pulls UK inflation down to 0.2% – business live

Continue reading…Restaurant subsidy strategy introduced because of Covid-19 crisis has dramatic effectCoronavirus – latest updatesSee all our coronavirus coverageUK 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. Related: Eat out to help out scheme pulls UK inflation down to 0.2% – business live Continue reading…