Article preview: Price inflation fell sharply in the year to August, partly as a result of the government Eat Out to Help Out scheme. More than 100 million restaurant meals qualified for the 50% discount in August. The Consumer Prices Index (CPI) measure of price inflation dropped to 0.2%, its lowest level since December 2015. CPI was down from 1% a month earlier. According to the Office for National Statistics, another factor driving down price inflation was the temporary VAT cut for the hospitality sector, with VAT falling from 20% to 5%.
Goodbye, price inflation!
£32.00
This 327-word blog post explains why CPI price inflation has fallen to its lowest level in 5 years. Written on 16th September 2020.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.