§ 5. Mr. Ted LeadbitterTo 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. LilleyThe 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 CampbellTo 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. YoungTo 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. LilleyOnly 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. SkinnerTo ask the Chancellor of the Exchequer when he expects the level of inflation to come down; and if he will make a statement.
§ Mr. LilleyThe 1989 FSBR forecasts that inflation will be 5½ per cent. in the fourth quarter of 1989.
§ 52. Mr. McAllionTo ask the Chancellor of the Exchequer, what is his target rate of inflation for April 1990; and if he will make a statement.
§ Mr. LilleyThe 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 SmithTo 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. FatchettTo 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 HoggTo 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. LilleyOnly 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.
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§ 31. Mr. MorleyTo ask the Chancellor of the Exchequer what is the current rate of inflation.
§ 112. Mr. Geoffrey RobinsonTo ask the Chancellor of the Exchequer what is the current rate of inflation.
§ Mr. LilleyThe all-items RPI inflation rate was 7.9 per cent. in March; the underlying rate (excluding mortgage interest payments) was 5.7 per cent.