§ 26. Mr. Flanneryasked the Chancellor of the Exchequer what is the present rate of inflation; and if he will make a statement.
§ Sir Geoffrey HoweThe general index of retail prices rose by 21.9 per cent. in the 12 months up to May 1980.
§ 44. Mr. Beithasked the Chancellor of the Exchequer whether he is satisfied with the trend of the most recent inflation figures.
§ Sir Geoffrey HoweAlthough the monthly increase between April and May shows a welcome downward movement compared with that in recent months, I would hesitate to build too much on one month's figures. I will not be satisfied until we have brought inflation down to a low level, and keep it there.