HC Deb 06 June 1995 vol 261 cc89-90W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer which increases in prices since September 1992 of the categories listed in table 18.2 of the "Monthly Digest of Statistics" he assesses to be inflationary. [26530]

Mr. Nelson

Any price increase adds to the 12-month inflation rate for 12 months.

Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what factors underline the relative rates of increases in the price of(a) services and (b) goods since 1979; and what effect the Government's exchange rate policy has had on such price increases. [26545]

Mr. Nelson

The relative rates of increase in the prices of goods and services depend on a number of factors such as the relative changes in costs, competitive pressures and the exchange rate.