§ Mr. Harry GreenwayTo ask the Chancellor of the Exchequer what was the average inflation rate between October 1974 and May 1979 and May 1979 to date; and if he will make a statement. [40679]
§ Mrs. Angela KnightBetween October 1974 and May 1979 the average rate of inflation, as measured by the retail prices index, was 15.1 per cent. per annum. This compares with 6.4 per cent. for the period May 1979 to September 1995, the latest month for which information is available.