§ Mr. Wyn Roberts
asked the Secretary of State for Prices and Consumer Protection what has been the percentage increase in the food price index to the latest available date since February 1974.
§ Mr. Maclennan
Between 19th February 1974 and 16th May 1978, the index of retail food prices rose by 101.4 per cent. Comparison over such a protracted period is of limited value since it gives no indication of underlying price trends. For instance, at May 1978 the increase over the previous year was 7 per cent. In previous years, the last time the 12-months index was as low as this was July 1972, when it stood at 6.8 per cent.