UK Inflation Sinks To 0.2 Percent On Virus Stimulus
September 16, 2020
5:35 pm
British inflation hit a near five-year low in August on state coronavirus stimulus measures for the troubled hospitality sector, including a restaurant discount scheme and tax cuts, data showed Wednesday.
The annual inflation rate, as measured by the UK’s Consumer Prices Index, dived to just 0.2 percent in August, the Office for National Statistics (ONS) said in a statement.
That was the lowest level since December 2015 and compared with 1.0 percent in July 2020.
“The cost of dining out fell significantly in August thanks to the ‘Eat Out to Help Out’ scheme …
