§ Q10. Mr. William Hamilton
asked the Prime Minister if she is satisfied with the progress of her policies in reducing the rate of inflation.
§ The Prime Minister
Yes. The year on year increase in the retail prices index (RPI) has fallen substantially in recent months from 21.9 per cent. in May to 15.9 per cent. in September. I expect further reductions in the months ahead. Indeed, the year on year increase in the RPI in the fourth quarter of this year is likely to be rather less than predicted in the Budget forecast.