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Mr. Lawson
asked the Chancellor of the Exchequer (1) if he will publish a table showing the rate of inflation for the previous three months, expressed as an annual rate, for each month of the years 1974 to 1977 inclusive;(2) what is the current rate of inflation, as defined by the percentage rise in the retail price index over the three months to May, expressed as an annual rate.
| RETAIL PRICES INDEX (ALL ITEMS) | ||||||
| Three-monthly percentage increases expressed as an annual rate | ||||||
| 1974 | 1975 | 1976 | 1977 | |||
| Per cent. | Per cent. | Per cent. | Per cent. | |||
| Three months to: | ||||||
| January | … | … | 14·5 | 25·9 | 16·0 | 21·8 |
| February | … | … | 17·5 | 23·4 | 15·2 | 21·6 |
| March | … | … | 18·1 | 25·6 | 12·2 | 19·9 |
| April | … | … | 24·6 | 34·4 | 16·0 | 19·6 |
| May | … | … | 25·3 | 53·1 | 15·2 | 18·6 |
| June | … | … | 26·0 | 48·0 | 15·1 | — |
| July | … | … | 15·5 | 32·5 | 7·5 | — |
| August | … | … | 8·4 | 15·1 | 8·8 | — |
| September | … | … | 8·7 | 10·3 | 12·3 | — |
| October | … | … | 13·4 | 12·1 | 19·7 | — |
| November | … | … | 23·2 | 14·8 | 19·7 | — |
| December | … | … | 25·1 | 18·1 | 19·7 | — |