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Retail Price Index

Volume 923: debated on Monday 20 December 1976

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26.

asked the Secretary of State for Prices and Consumer Protection what is the increase in the retail price index over the last three months, expressed at an annual rate.

The RPI has increased by 19ยท7 per cent. over the past three months, expressed at an annual rate.

After giving those rather depressing figures, does the Minister think it makes any sense to force up the price of gas, as the Chancellor announced in his recent statement?

The extent to which the price of gas might rise following my right hon. Friend's statement is not known at this stage.