§ 26. Mr. Rathbone
asked the Secretary of State for Prices and Consumer Protection what has been the average rate of inflation for all OECD countries since February 1974 to the latest available date.
§ Mr. Neubert
asked the Secretary of State for Prices and Consumer Protection whether he will give the cumulative rate of inflation between February 1974 and the latest available date for all Organisation for Economic Co-operation and Development countries; and whether he will give the average Organisation for Economic Co-operation and Development figure over this period.
§ Mr. Maclennan
The cumulative increases in the consumer price indices for each of the OECD countries between February 1974 and the latest available date—mostly to September 1977—are as follows:
Country Per cent. change Canada 37.0 USA 30.0 Japan 42.1 Australia 58.1* New Zealand 63.6* Austria 27.6 Belgium 42.0 Denmark 43.3 Finland 63.8 France 44.6 Germany (FDR) 17.5 Greece 54.9 Iceland 215.6* Ireland (Republic of) 75.9* Italy 78.3* Luxembourg 34.8 Netherlands 35.0 Norway 40.3 Portugal 88.1 Spain 95.2 Sweden 41.2 Switzerland 13.6 Turkey 83.7* United Kingdom 82.6 OECD average 42.0 (estimate) *Increase between February 1974 and August 1977.
Source: Main Economic Indicators (OECD)