Public Sector Price Increases (Hansard, 23 February 1989)

HC Deb 23 February 1989 vol 147 c768W 768W

§ 24. Mr. Beith
To ask the Chancellor of the Exchequer if he will make a statement on the effect of public sector price increases on the inflation rate.

§ Mr. Norman Lamont
A change of 1 per cent. in the nationalised industries component of the retail prices index will at present lead to a change of approximately 0.054 per cent. in the RPI. The Autumn Statement (table 2.7) forecast an increase of 64¼per cent. in the nationalised industries component of the RPI in the year to the fourth quarter of 1989.