§ 24. Mr. Atkinson
To ask the Chancellor of the Exchequer if he has any plans to meet his Economic Community counterparts, to discuss a common method to determine the inflation rate of each member state.693W
§ Mr. Lilley
My right hon. Friend has no plans to do so at present. The practices followed in compiling consumer price indices vary between Community countries. The United Kingdom regularly joins in discussions with other members with a view to understanding the differences in methodology. When changes in the retail prices index have been proposed they have always been considered by the RPI advisory committee and due account taken then of practice elsewhere.
§ Mr. Strang
To ask the Chancellor of the Exchequer what is his estimate of the current rate of inflation.