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Inflation Measures

Volume 407: debated on Thursday 19 June 2003

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To ask the Chancellor of the Exchequer what advice has been received from the RPI Advisory Committee regarding his intention to give the Bank of England an inflation target as measured by the Harmonised Index of Consumer Prices; and what further consultation is planned with this Committee. [120332]

None. The RPI Advisory Committee is not a Standing Committee. If it were convened, it would be to make recommendations to the Chancellor on proposed changes to the construction of the RPI, not to give advice on inflation target or monetary policy.