HC Deb 27 February 1975 vol 887 cc222-3W
Mr. David Price

asked the Chancellor of the Exchequer what is his latest estimate of the underlying rate of inflation in the British economy measured as an annual rate; and how this compares with the same rate in each previous year for the last three years.

Mr. Dell

The increase in the retail prices index in the 12 months to January 1975 was 19.9 per cent. This compares with an increase of 12 per cent. in the 12 months to January 1974, of 7.7 per cent. in the 12 months to January 1973, and of 8.2 per cent. in the 12 months to January 1972.