§ 87. Mr. Gowerasked the Minister of Labour how the present average level of retail prices compares with the average level of retail prices a year ago; and how the variation during the past 12 months compares with average annual changes during the previous 10 years.
§ Mr. Iain MacleodAt mid-February the average level of retail prices was two and a half per cent. above a year ago. This compares with an average annual increase of nearly 5 per cent. in the 10 years 1948–1957.