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Index Prices

Volume 918: debated on Thursday 4 November 1976

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asked the Secretary of State for Trade if he will publish for the United Kingdom, Germany, Japan, France and Italy, for each quarter since the first quarter of 1973, indices of (a) the consumer prices index (b) domestic wholesale prices of manufactured goods (c) export prices or unit values in domestic currency terms for manufactures and (d) export prices or unit values in dollar terms for manufactures, and for the same period, a $ index of the prices of world exports of manufactures.

CONSUMER PRICES
1970 = 100
Table (a)
United KingdomGerman Federal RepublicJapanFranceItaly
1973—
First quarter122·2116·0116·9115·9117·5
Second quarter125·2118·2122·7118·2121·3
Third quarter127·7119·3126·5121·1123·6
Fourth quarter131·8121·7131·9124·4127·2
1974—
First quarter137·2124·6144·1129·0133·6
Second quarter145·3126·6150·5134·3140·8
Third quarter149·4127·81561138·7150·4
Fourth quarter156·1129·5162·7143·1160·0
1975—
First quarter165·6132·0165·3147·0164·9
Second quarter180·7134·5171·0150·6169·3
Third quarter188·7135·5172·7153·9172·9
Fourth quarter195·2136·7176·7157·3178·1
1976—
First quarter200·9139·0180·4161·1184·8
Second quarter208·0141·1186·6164·8196·5

Source: OECD 1. Main Economic Indicators.

WHOLESALE PRICES
1970=100
Table (b)

United Kingdom*

German Federal Republic†

Japan‡

France§

Italy§

1973—
First quarter119·5111·1106·7115·0112·5
Second quarter120·1113·1110·6118·8118·4
Third quarter124·2115·1115·9124·1126·4
Fourth quarter129·1117·2126·0132·1134·0
1974—
First quarter138·3124·5143·1149·9159·4
Second quarter148·9128·8146·6162·9176·3
Third quarter156·1131·3149·2161·9187·5
Fourth quarter164·9133·0150·3158·3192·1
1975—
First quarter176·0134·6149·4153·1192·3
Second quarter186·3135·4149·1147·8191·4
Third quarter193·4135·7149·5148·2192·9
Fourth quarter199·1136·1150·6147·7197·1

The information is as follows. The series for wholesale prices of manufactures shown at Table (b) are those that correspond most closely to this definition. A dollar index approximating to the prices of world exports of manufactures is shown a Table (d). Developed Market Economies, to which this index refers, is composed of South Africa. Canada, the United States of America, Israel, Japan, Western Europe—including Yugoslavia but excluding Turkey—Australia and New Zealand. In 1970, the manufactured goods exports of these countries accounted for 83·6 per cent, of the world total.

United Kingdom*

German Federal Republic†

Japan‡

France§

italy§

1976—
First quarter206·9138·3153·2151·2209·3
Second quarter214·4140·5155·9....
Third quarter223·1........

* Department of Industry—Output of manufactured products.

† IMF International Financial Statistics—Industrial.
‡ UN Monthly Bulletin of Statistics—Industrial products.
§ Statistical Office of European Communities—Industrial products.

Unit Values of Exports of Manufactures
1970=100
In National Currency
Table (c)

United Kingdom

German Federal Republic

Japan

France

Italy

1973—
First quarter118103100110110
Second quarter122105100112115
Third quarter127106108115120
Fourth quarter133109118121125
1974—
First quarter142114134125137
Second quarter153120142139151
Third quarter162125152147171
Fourth quarter170126159151181
1975—
First quarter179130157152188
Second quarter188130152153184
Third quarter197132148151190
Fourth quarter205131143154193
1976—
First quarter214132140
Second quarter229
Third quarter242

In US $ Terms
Table (d)

United Kingdom

German Federal Republic

Japan

France

Italy

Developed Market Economies

1973—
First quarter119124125126119120
Second quarter129141136141121129
Third quarter131162147153131140
Fourth quarter131157154152133142
1974—
First quarter135154165141133145
Second quarter153175183158148161
Third quarter159175185170163167
Fourth quarter165183190181171175
1975—
First quarter178203192196184187
Second quarter182203188208183188
Third quarter174189179193179178
Fourth quarter174185169193177176
1976—
First quarter178187167178*
Second quarter172180*
Third quarter178

Source: United Nations Monthly Bulletin of Statistics, United Kingdom Department of Industry.

* United Nations Estimate.

asked the Secretary of State for Trade if he will publish for each quarter since the first quarter of 1973 (a) indices of the £ sterling and dollar prices or unit values of United Kingdom exports for each of SITC 5, 6, 7 and 8, and (b) an index of world export values for the same commodity groups in $ terms.

UNITED KINGDOM EXPORT UNIT VALUE INDICES
1970=100
US$£US$£US$£US$£
SITC Section5678
1973—
1st quarter110109114113125124115114
2nd quarter118112127121134128121114
3rd quarter118115132128135131125121
4th quarter126125134135134135122123
1974—
1st quarter135143138145136143120126
2nd quarter168168160160149149132132
3rd quarter175179166170155158137140
4th quarter186191170175163168141146
1975—
1st quarter199200179180178179153153
2nd quarter203209179184184190158163
3rd quarter185209169191179201157177
4th quarter180211169198181213155182
1976—
1st quarter183219170204187224156187
2nd quarter174232163217182242149198
3rd quarter181245170231187254157213

Source: Department of Trade.