People sit at an outdoor restaurant on the South Bank during sunny weather, amid the coronavirus disease outbreak, in London, Britain, June 5, 2021. REUTERS/Henry Nicholls/File PhotoLONDON, Sept 15 - British inflation hit a more than nine-year high last month after the biggest monthly jump in the annual rate in at least 24 years, largely due to a one-off boost reflecting the "Eat Out to Help Out" scheme that pushed down restaurant meal prices last year.
The 1.2 percentage point rise in the annual rate of inflation in the space of a month marked the sharpest such increase since detailed records started in 1997."Much of this is likely to be temporary as last year restaurant and café prices fell substantially due to the 'Eat Out to Help Out' scheme, while this year prices rose," said ONS statistician Jonathan Athow.
Still, the sharper-than-expected rise in inflation will be noticed by Bank of England policymakers who are weighing up whether to call an early end to the stimulus plan launched at the height of the COVID-19 pandemic last year.
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