HC Deb 01 July 1977 vol 934 cc358-9W
Mr. Ralph Howell

asked the Chancellor of the Exchequer whether he is satisfied that the retail price index is a satisfactory measure of the rate of inflation.

Mr. Robert Sheldon

I am satisfied that the General Index of Retail Prices is a very good measure of the average rate of inflation experienced by households.

Mr. Ralph Howell

asked the Chancellor of the Exchequer what is his latest estimate of the increase in the retail price index since August 1975.

Mr. Robert Sheldon

Between August 1975 and May 1977 the retail price index rose by 30.4 per cent.

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