The Consumer Prices Index (CPI) measure of inflation fell sharply from 1% in July to 0.2% in August as the Eat Out to Help Out restaurant scheme kicked in and helped lower eating out prices.

Eagle-eyed Budget and Treasury watchers are well aware that what appear to be small or insignificant changes made by Chancellors or ministers can often have huge ramifications in subsequent years.

CPI inflation rose sharply in July from 0.6% to 1%, data from ONS published today shows.

CPI inflation reversed its recent downward trend in June with an increase to 0.6% from 0.5% in May due mainly to increased recreation and culture costs.