Inflation
Treasury
Written answers and statements, 4 November 2009
Andrew Rosindell (- Shadow Minister, Home Affairs; Romford, Conservative)
To ask the Chancellor of the Exchequer what estimate he has made of the projected inflation rate in each of the next 12 months.
Ian Pearson (Economic Secretary, HM Treasury; Dudley South, Labour)
The Budget 2009 forecast is for the consumer prices index (CPI) inflation rate to fall to 1 per cent. by the end of 2009, and remain below target in 2010. CPI inflation is forecast to return close to target during 2011 with the lagged effects of monetary policy easing continuing to feed through. Updated forecasts for inflation will be published later this autumn in the pre-Budget report, as is usual practice.
The Government do not publish a monthly forecast for the inflation rate.