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Mr. Pardoe
asked the Chancellor of the Exchequer if he will estimate the weighted average rate of inflation in those countries, excluding the United Kingdom, on whose currencies the Smithsonian Agreement was based since that agreement was made, and show a comparable figure for the United Kingdom.
Mr. Dell
The rates of inflation of the countries concerned from December 1971 to March 1975 has been as follows:
per cent. | |
Belgium | 35·4 |
Canada | 31·2 |
France | 37·1 |
Germany | 23·6 |
Italy | 53·6 |
Japan | 55·0 |
Netherlands | 32·7 |
Sweden | 29·1 |
Switzerland | 30·2 |
United States | 28·2 |