Eating out scheme pushes down August inflation


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The UK’s inflation rate fell sharply to 0.2% in August as the effect of the Eat Out to Help Out scheme pushed down restaurant prices, figures show.

July’s figure had been 1%.

The cut in VAT from 20% to 5% in the hospitality sector also contributed to the big drop in Consumer Prices Index (CPI) inflation, said the Office for National Statistics.

The eating out scheme, which ran from Monday to Wednesday in August, offered 50% off food up to the value of £10.

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