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Inflation

Volume 169: debated on Wednesday 14 March 1990

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To ask the Chancellor of the Exchequer whether he intends to align with the practice in other European Community countries in calculating inflation.

My right hon. Friend the Chancellor has no plans to do so at present. The practices followed in compiling consumer prices indices vary between Community countries. The United Kingdom regularly joins in discussions with other members with a view to understanding the differences in methodology. When changes in the retail prices index have been proposed they have always been considered by the RPI advisory committee and due account taken then of practice elsewhere.