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Money Supply

Volume 973: debated on Wednesday 14 November 1979

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asked the Chancellor of the Exchequer whether he will circulate in the Official Report a table showing for each quarter since 1970 the percentage increase in the money supply and the percentage increase in retail prices two years later.

The figures are as follows:

QuarterPercentage increase in money supply*Percentage increase in index of retail prices two years later
1968—1st-1·61·9
2nd3·42·5
3rd1·01·1
4th4·02·0
1969—1st-2·02·7
2nd-0·83·7
3rd1·01·3
4th4·31·2
1970—1st-2·61·6
2nd4·31·8
3rd2·31·7
4th5·42·3
1971—1st0·21·8
2nd2·63·1
3rd2·51·6
4th8·13·4
1972—1st1·84·0
2nd7·56·0
3rd4·32·5
4th8·74·5
1973—1st2·76·0
2nd6·09·5
3rd7·64·3
4th7·93·5
1974—1st0·43·6
2nd1·73·6
3rd1·72·3
4th6·14·6
1975—1st-1·15·0
2nd2·74·4
3rd2·81·6
4th2·11·5
1976—1st-0·71·7
2nd3·72·8
3rd3·91·7
4th2·31·7
1977—1st-2·53·1
2nd4·23·7
3rd2·66·7
* Sterling M3—end quarters, not seasonally adjusted.
† General index of retail prices—all items (quarterly average of monthly indices), not seasonally adjusted.
‡ Percentage increase in third quarter 1979, the latest available.