Retail Prices Index

HC Deb 24 June 1965 vol 714 cc253-4W

57. Mr. Pounder

asked the Minister of Labour what was the percentage increase in the cost of living between 15th October, 1964 and 15th June 1965.

Mr. Thornton

The percentage increase in the retail prices index between 13th October, 1964 and 18th May, 1965, the latest date for which the index is available, was 4.2.

Mr. Pounder

asked the Minister of Labour if he is satisfied with the items comprising the cost-of-living index, and the weightings accorded thereto; and if he will make a statement.

Mr. Thornton

Yes. The items priced for the purposes of the retail prices index are those recommended by the Cost of Living Advisory Committee. The weightings accorded to the various sections into which the index is divided are, on the advice of this Committee, revised each January on the basis of the results of the Family Expenditure Survey for the three years ended in the previous June.