HC Deb 04 June 1981 vol 5 c396W
17. Mr. Dormand

asked the Chancellor of the Exchequer if he is satisfied with the progress of the Government's policies in reducing inflation.

Sir Geoffrey Howe

Yes.

24. Mr. Knox

asked the Chancellor of the Exchequer what has been the average annual rate of inflation since May 1979; and how this compares with the average annual rate of inflation between October 1951 and September 1964 and between June 1970 and February 1974.

Mr. Lawson

The average annual rate of increase in the general index of retail prices between May 1979 and April 1981 was 17.1 per cent. The average annual rates for the two earlier periods were 3.2 per cent. and 9.5 per cent. respectively.

26. Mr. Meacher

asked the Chancellor of the Exchequer what is his estimate of the rate of inflation over the next 12 months.

Sir Geoffrey Howe

The forecast published at the time of the Budget was that the retail prices index might be 8 per cent. higher by mid-1982 than in mid-1981.

34. Mr. Skinner

asked the Chancellor of the Exchequer if he is satisfied with the current rate of inflation; and if he will make a statement.

Sir Geoffrey Howe

No. The Government's policy is aimed at a continuing reduction in the rate of inflation.