Inflation

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 12 April 1976.

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Photo of Mrs Shirley Williams Mrs Shirley Williams , Hertford and Stevenage 12:00, 12 April 1976

The effect of the CAP settlement on the food index—not on the RPI—was about 1¼ per cent. That must be added to a transitional policy stage increase of about 1 per cent. The effect on the RPI is therefore about 0·5 per cent.