HC Deb 24 January 1980 vol 977 c362W
16. Mr. Greville Janner

asked the Chancellor of the Exchequer how much the rate of inflation has increased during the past 12 months.

Sir Geoffrey Howe

The retail prices index rose by 17.2 per cent. in the 12 months to December 1979. The tax and price index, which is a better guide to changes in taxpayers' costs, rose by 14.9 per cent. over the same period.

26. Mr. Ioan Evans

asked the Chancellor of the Exchequer what is the present level of the tax and prices index.

Mr. Biffen

The tax and price index stood at 119.8 in December 1979. This represents an increase of 14.9 per cent. over the year.

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