HC Deb 13 June 1974 vol 874 c597W
32. Mr. David Price

asked the Chancellor of the Exchequer what is his latest estimate of the underlying rate of inflation in the British economy measured as an annual rate of inflation; and how this compares with the same rate one year ago.

Dr. Gilbert

The all-items RPI figure for April 1974 showed an increase of 15.2 per cent. on the figure for April 1973. This compares with an increase between April 1972 and April 1973 of 92 per cent.