HC Deb 11 July 1978 vol 953 c515W
Mr. Lawson

asked the Chancellor of the Exchequer, pursuant to his Written Answer, Official Report, 16th June, col. 695, that the normally accepted indicator of the current trend of inflation is the rise over six months of the retail price index, excluding seasonal foods (a) what he forecasts will be the level of that six-monthly figure, expressed at an annual rate, at the end of 1978 and (b) if he expects that six-monthly figure, expressed at an annual rate, to rise into double figures in the foreseeable future.

Mr. Joel Barnett

No forecast is made of this statistical series.