§ Mr. Lawsonasked the Chancellor of the Exchequer what is the current rate of inflation, as defined by the percentage rise in the retail price index over the six months to June, excluding seasonal foods, expressed as an annual rate; and how this compares with the similar figure based on the six months to August 1974.
§ Mr. Joel BarnettI regret that the June figures are not yet available; thus the latest figures are as set out in my reply to the hon. Member on 16th June —[Vol. 951, c.695.] The increase in the retail price index excluding seasonal foods over the six months to August 1974, expressed at an annual rate, was 172 per cent.
§ Mr. Lawsonasked the Chancellor of the Exchequer what is the current rate of inflation, as defined by the percentage rise in the retail price index over the three months to June, expressed as an annual rate; and how this compares with the similar figure based on three months to August 1974.
§ Mr. Joel BarnettI regret that the June figures are not yet available: thus the latest figures are as set out in my reply to the hon. Member on 16th June —[Vol. 951, c.695.] The increase in the retail price index over the three months to August 1974, expressed at an annual rate, was 8.4 per cent.