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Inflation

Volume 205: debated on Thursday 12 March 1992

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20.

To ask the Chancellor of the Exchequer what is his latest assessment of the prospects for retail price inflation.

24.

To ask the Chancellor of the Exchequer what is his latest forecast of United Kingdom inflation in 1992.

The Budget forecast is for RPI inflation to be down to 334 per cent. in the fourth quarter of 1992 and 314 per cent. by mid-1993.

23.

To ask the Chancellor of the Exchequer what is his estimate of (a) United Kingdom inflation and (b) European Community average inflation in the third quarter of 1992.

In the Financial Statement and Budget Report my right hon. Friend forecast United Kingdom inflation of 334 per cent. in the final quarter of 1992. We have made no forecast of EC inflation but in January 1992 it was 4.7 per cent.