HC Deb 01 August 1972 vol 842 c93W
Mr. Arthur Lewis

asked the Chancellor of the Exchequer, in view of the fact that the movement of the retail price index between May and June, 1972, shows a rate of inflation of 0.7 per cent. in each month compared with 0.4 per cent. in April, what action he proposes to take to prevent the continuation of this rate.

Mr. Nott

The figures quoted by the hon. Member are incorrect and the average rise in the Retail Price Index in May and June of 0.6 per cent. was less than the rise of 0.9 per cent. in April. Our policies are designed to reduce the rate of inflation.

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