Inflation (Hansard, 6 April 1989)

§ 19. Mr. Coleman
To ask the Chancellor of the Exchequer what are the current inflation rates in(a) Britain and (b) other members of the Group of Seven.

§ 40. Mr. Corbett
To ask the Chancellor of the Exchequer what are the current inflation rates in(a) Britain and (b) other members of the Group of Seven.

§ Mr. Lilley
The current 12-month inflation rates for the United Kingdom and the other members of the Group of Seven are given in the weekly OECD publication, "Current Economic Indicators", a copy of which is available in the House of Commons Library.

§ 25. Ms. Armstrong
To ask the Chancellor of the Exchequer when he expects the inflation rate to fall below 5 per cent.

§ 41. Mr. Barron
To ask the Chancellor of the Exchequer when he expects the inflation rate to fall below 5 per cent.

§ 113. Mr. Graham
To ask the Chancellor of the Exchequer when he expects the inflation rate to fall below 5 per cent.

§ 170. Mr. Dunnachie
To ask the Chancellor of the Exchequer when he expects the inflation rate to fall below 5 per cent.

§ Mr. Lilley
In the Financial Statement and Budget Report the annual rate of RPI inflation is forecast to moderate to 5½ per cent. by the final quarter of this year, and to fall further to 4½ per cent. by the second quarter of 1990.

§ 33. Mr. Darling
To ask the Chancellor of the Exchequer if he will estimate what the impact of his Budget measures will be on the retail prices index.

§ 53. Mr. Cox
To ask the Chancellor of the Exchequer if he will estimate what the impact of his Budget measures on the retail prices index will be.

§ 63. Mr. Beith
To ask the Chancellor of the Exchequer if he will make a statement about the estimated effect of the Budget proposals on inflation.

§ 94. Mr. Doran
To ask the Chancellor of the Exchequer if he will estimate what will be the impact of his Budget measures on the retail prices index.

§ 153. Mr. Ron Davies
To ask the Chancellor of the Exchequer if he will estimate what the impact of his Budget measures on the retail prices index will be.

§ Mr. Lilley
Prudent monetary and fiscal policies will continue to bear down on inflation. The direct impact of the Budget proposals on the retail prices index will be negligible.
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§ 43. Mr. Boyes
To ask the Chancellor of the Exchequer how many members of the European Economic Community have inflation rates lower than that in the United Kingdom.

§ 117. Mr. Caborn
To ask the Chancellor of the Exchequer how many members of the European Economic Community have inflation rates lower than that in the United Kingdom.

§ Mr. Lilley
I refer the hon. Members to the reply that my right hon. Friend the Chancellor gave earlier today to the hon. Member for Hemsworth, South (Mr. Buckley).

§ 65. Mr. Ronnie Campbell
To ask the Chancellor of the Exchequer if he will now revise the rate of inflation predicted in his Budget statement.

§ 76. Mr. Battle
To ask the Chancellor of the Exchequer when he next intends to revise his Budget forecast for inflation for 1989–90.

§ 85. Mr. Cummings
To ask the Chancellor of the Exchequer if he will now revise the rate of inflation predicted in his Budget statement.

§ 154. Mr. Cunliffe
To ask the Chancellor of the Exchequer if he will now revise the rate of inflation predicted in his Budget statement.

159. Mr. Adams
To ask the Chancellor of the Exchequer if he will now revise the rate of inflation predicted in his Budget statement.

§ Mr. Lilley
It is much too soon to revise the forecast in the FSBR. My right hon. Friend will next update his published inflation forecast in the Autumn Statement.

§ 99. Mr. Bell
To ask the Chancellor of the Exchequer what representations he has received in the light of his Budget statement of future forecasts for inflation.

§ Mr. Lilley
None.

§ 103. Mr. Cohen
To ask the Chancellor of the Exchequer when he now expects to achieve his target for inflation of zero per cent.

§ 116. Mr. Tom Clarke
To ask the Chancellor of the Exchequer when he expects to achieve his target for inflation of zero per cent.

§ 142. Mrs. Clwyd
To ask the Chancellor of the Exchequer when he now expects to achieve his target for inflation of zero per cent.

§ 179. Mr. Callaghan
To ask the Chancellor of the Exchequer when he now expects to achieve his target for inflation of zero per cent.

§ Mr. Lilley
The medium-term financial strategy set out in the Financial Statement and Budget Report on 14 March assumed the annual rate of inflation in the GDP deflator would be down to 2½ per cent. by 1992–93. The ultimate objective remains zero inflation.

§ 131. Mr. Ron Brown
To ask the Chancellor of the Exchequer if he has received recent representations from the Confederation of British Industry about inflation; and if he will make a statement.

§ Mr. Lilley
No. But my right hon. Friend receives copies of CBI publications. In his Budget speech the248W Chancellor noted that inflation was expected to fall to 5½ per cent. by the end of this year, and to 4½ per cent. in the second quarter of 1990.

§ 135. Mr. Richard Shepherd
To ask the Chancellor of the Exchequer if he will make a statement on the rates of inflation for the United Kingdom from 1986 to 1989 and on the Organisation for Economic Co-operation and Development average for 1986 to 1989.

§ Mr. Lilley
The OECD "Economic Outlook" published in December 1988 gives the average rates of inflation in the OECD countries for the years in question with estimates and forecasts for 1988 and 1989. The Financial Statement and Budget Report contains a forecast for the United Kingdom inflation rate in the year to 1989 fourth quarter. United Kingdom inflation rates for earlier years can be calculated from figures contained in the monthly Department of Employment publication,Employment Gazette.