Inflation

HC Deb 08 February 1996 vol 271 cc361-2W

18. Sir Michael Neubert

To ask the Chancellor of the Exchequer what is his latest annual rate of inflation. [12654]

Mrs. Angela Knight

Underlying inflation, as measured by the retail prices index excluding mortgage interest payments, was 3 per cent. in December 1995. Inflation has now been below 4 per cent. for 39 months, the longest such period for almost 50 years.