Inflation (Hansard, 4 May 1989)

§ 5. Mr. Ted Leadbitter
To ask the Chancellor of the Exchequer what is his target rate of inflation for 12 months' time; and if he will make a statement.

§ Mr. Lilley
The FSBR forecast that the inflation rate as measured by the RPI would be down to 4½ per cent. by the second quarter of 1990.

§ 12. Mr. Ronnie Campbell
To ask the Chancellor of the Exchequer if he will list the countries of the Group of Seven whose inflation rates, including an estimate of housing costs, are below that of Great Britain.

46. Mr. Young
To ask the Chancellor of the Exchequer if he will list the countries of the Group of Seven whose inflation rates, including an estimate of housing costs, are below that of Great Britain.

§ Mr. Lilley
Only Canada treats owner-occupier housing costs in its measure of consumer price inflation in a similar way to the UK. The overall inflation rate in Canada is currently below that in the UK.

§ Mr. Skinner
To ask the Chancellor of the Exchequer when he expects the level of inflation to come down; and if he will make a statement.

§ Mr. Lilley
The 1989 FSBR forecasts that inflation will be 5½ per cent. in the fourth quarter of 1989.

§ 52. Mr. McAllion
To ask the Chancellor of the Exchequer, what is his target rate of inflation for April 1990; and if he will make a statement.

§ Mr. Lilley
The Government do not set specific short-term targets for the rate of inflation. Tight monetary policy will ensure that inflation moderates from its current level. My right Hon. Friend forecast in his Budget statement that the RPI inflation rate would be 5½ per cent. in the fourth quarter of 1989, and 4½ per cent. in the second quarter of 1990.

§ 42. Mr. Andrew Smith
To ask the Chancellor of the Exchequer if he will list the countries of the EEC whose inflation rates, including an estimate of housing costs, are below that of Great Britain.

§ 77. Mr. Fatchett
To ask the Chancellor of the Exchequer if he will list the countries of the EEC whose inflation rates, including an estimate of housing costs, are below that of Great Britain.

§ Mr. Norman Hogg
To ask the Chancellor of the Exchequer if he will list the countries of the EEC whose inflation rates, including an estimate of housing costs, are below that of Great Britain.

§ Mr. Lilley
Only Ireland treats owner-occupier housing costs in its measure of consumer price inflation in a similar way to the United Kingdom. The overall inflation rate in Ireland is currently below that in the United Kingdom.
197W

§ 31. Mr. Morley
To ask the Chancellor of the Exchequer what is the current rate of inflation.

§ 112. Mr. Geoffrey Robinson
To ask the Chancellor of the Exchequer what is the current rate of inflation.

§ Mr. Lilley
The all-items RPI inflation rate was 7.9 per cent. in March; the underlying rate (excluding mortgage interest payments) was 5.7 per cent.