HC Deb 17 May 1962 vol 659 c135W
36. Mr. Warbey

asked the Chancellor of the Exchequer by how much the level of retail prices has risen since July of last year; and what is his estimate of retail price movements during the remainder of this year.

Mr. Brooke

The index of retail prices rose from 115 in July, 1961, to 118 in March, 1962. The abnormal current shortage of potatoes and other vegetables may cause a further temporary rise in the next month or two. But if the incomes policy succeeds and we can secure a more realistic relationship between total increases in incomes and total increase in production, there will be good hope of keeping prices fairly stable in the second half of 1962.