§ Sir John StanleyTo ask the Chancellor of the Exchequer if he will publish a table showing for each of the last complete financial years(a) the forecast rate of general inflation as measured by the gross domestic product deflator in the Autumn Statement published immediately prior to each financial year and (b) the actual rate of inflation in each financial year as measured by the gross domestic product deflator and (c) the actual rate of inflation in each financial year as measured by the retail price index.
§ Mr. Lawson[holding answer 31 January 1989]: The information requested by my right hon. Friend is shown in the table: 553W
Percentage change on a year earlier Gross domestic product at market prices Retail price index3 For the year Autumn Statement forecast1 Outturn2 1983–84 5 4.6 4.7 1984–85 5 5.0 5.1 1985–86 4½ 5.5 5.9 1986–87 4½ 3.4 3.2 1987–88 3¾ 5.2 4.0 1 Forecast in the Autumn Statement published immediately prior to the coming financial year. 2 Latest outturn data. 3 Change in the average value of the retail price index on the preceding financial year.