Inflation drops to 0.2 percent but warnings that “more stimulus is needed’ emerge

INFLATION figures have been released which revealed that the UK's inflation rates have dropped from one percent to 0.2 percent. This will obviously have an impact on consumers going forward and experts have analysed what it could mean for the economy, savers and furloughed workers.

Inflation has been driven down to 0.2 percent, a five-year low. The eat out to help out scheme has largely been behind this drop, with more than 100 million meals being claimed through the scheme, which pushed down prices in restaurants and cafes by 2.6 percent when compared to August 2019.

This, according to the ONS, was the first time they had been negative since records began in 1989.

Lower prices are generally welcomed by consumers but Melissa Davies, the Chief...
source: Express

2020-09-16 18:20
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