Eat Out to Help Out pushes inflation to five-year low in August

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Britain’s inflation rate dropped to 0.2 per cent in August as the Eat Out to Help Out scheme helped push down prices in restaurants and pubs.

It was the largest fall in five years and down from the one per cent rate recorded in July, according to the Office for National Statistics (ONS) Consumer Price Index.

Rishi Sunak’s scheme, which offered consumers 50 per cent off meals at restaurants and pubs from Monday to Wednesday in August, was the biggest contributor to the decline, the figures show.

A cut in VAT from 20 per cent to five per cent also contributed as did falling air fares and fewer

 link source - Business Live News

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