HC Deb 25 July 1977 vol 936 c18
14. Mr. Wakeham

asked the Secretary of State for Prices and Consumer Protection what was the latest recorded percentage increase in the year-on-year wholesale prices index.

Mr. Hattersley

The wholesale prices index of the output of manufacturing industry rose by 20.9 per cent. in the year ending June 1977, but the index for inputs of materials and fuel rose by 15..2 per cent.—about half of the January figure.

Mr. Wakeham

Can the right hon. Gentleman say when the year-on-year increase was last in single figures?

Mr. Hattersley

Not without notice, but I can repeat the last part of my original reply. There has been a substantial improvement in the index, and we hope and believe that it will soon be reflected in prices in the shops.