§ 19. Mr. Andrew MacKayasked the Chancellor of the Exchequer if he will make a statement on the level of inflation.
§ Mr. Peter ReesOver the 12 months to September 1984, the retail prices index increased by 4.7 per cent. As my right hon. Friend said in his autumn statement this week, the rate of increase in retail prices should be around 4¾ per cent. in the last quarter of this year, and is expected to fall to around 4½ per cent. by the end of next year.