§ 60. Mr. Tom Boardmanasked the Chancellor of the Exchequer what has been the annual average rate of inflation, expressed as a percentage, over the period since October, 1964.
§ Mr. Harold LeverInflation can be measured in various ways. On the basis of the average increase in prices over the whole field of goods and services sold on the domestic market, the annual rate of increase between the third quarter of 1964 and the third quarter of 1968, the latest available date, was about 3.9 per cent.