Inflation

HC Deb 11 March 1982 vol 19 c489W

15. Mr. Parry

asked Mr. Chancellor of the Exchequer what is the current level of inflation.

Mr. Brittan

Over the 12 months to January 1982, the retail prices index increased by 12 per cent.

32. Mr. James Hamilton

asked the Chancellor of the Exchequer what were the inflation figures in June 1979, June 1980 and June 1981; and what prospects he sees for 1982.

Mr. Brittan

The year-on-year rate of increase in the RPI was 11.4 per cent. in June 1979; 21–0 per cent. in June 1980; and 11–3 per cent. in June 1981. We expect the year-on-year rate of inflation to fall to around 9 per cent. by the end of 1982.