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rdf:type	schema:NewsArticle
schema:articleBody	British inflation sank close to zero in August on state coronavirus stimulus measures, including a restaurant discount scheme and tax cuts, as well as plunging air fares, data showed Wednesday. The annual inflation rate, as measured by the UK's Consumer Prices Index, dived to just 0.2 percent in August from 1.0 percent in July, the Office for National Statistics (ONS) said in a statement. "The cost of dining out fell significantly in August thanks to the 'Eat Out to Help Out' scheme and VAT cut, leading to one of the largest falls in the annual inflation rate in recent years," said ONS deputy national statistician Jonathan Athow. "For the first time since records began, air fares fell in August as fewer people travelled abroad on holiday. "Meanwhile the usual clothing price rises seen at this time of year, as autumn ranges hit the shops, also failed to materialise," he added. The "Eat Out to Help Out" incentive -- which was valid Monday to Wednesday throughout August -- saw the UK government contribute 50 percent of the cost of a cafe, restaurant or pub meal, up to £10 ($13, 11 euros) per person. Britain also slashed valued-add tax on the virus-plagued hospitality sector from 20 percent to just five percent. The tax cut and restaurant scheme were launched by finance minister Rishi Sunak to try to kick-start the British economy, which has been devastated by the pandemic. Adding to downwards inflationary pressure in August, airlines slashed their ticket prices in the face of evaporating travel demand during the deadly Covid-19 pandemic. rfj/spm
schema:headline	UK inflation sinks to 0.2 percent on virus stimulus
schema:mentions	Office for National Statistics Pub Inflation Value-added tax Rishi Sunak Pandemic Virus United Kingdom Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 National Statistician
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-16 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	75 (xsd:integer)

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