HL Deb 14 March 1979 vol 399 c745WA
Lord SIMON of GLAISDALE

asked Her Majesty's Government:

How many years it would take for an annual inflation rate of:

  1. (1) 9 per cent.
  2. (2) 3 per cent.
to halve the value of money.

Baroness BIRK

The value of money would be halved in 8.0 years with an annual inflation rate of 9 per cent. and in 23.4 years with an annual inflation rate of 3 per cent.