§ 22. Dr. Liam Fox
To ask the Chancellor of the Exchequer what is the latest figure for the annual increase in the retail prices index; and what were the comparable figures for January 1992 and January 1991.
§ Mr. Portillo
In January the headline rate of RPI inflation was 1.7 per cent., down sharply from 4.1 per cent. in January 1992 and 9 per cent. in January 1991. Headline inflation is now at its lowest level for more than 25 years.