HC Deb 22 May 1995 vol 260 cc466-7W
Mr. Milburn

To ask the Chancellor of the Exchequer if he will provide forecasts of the percentage change on the previous financial year for the retail prices index excluding and including mortgage interest payments for 1994–95 and 1995–96. [25198]

Mr. Nelson

The November "Financial Statement and Budget Report" forecast that underlying inflation would be 2¼ per cent, in the second quarter of 1995 and 2½ per cent, both in the fourth quarter of 1995 and in the second quarter of 1996. These forecasts will be updated in the summer economic forecast.