§ Mr Gould
asked the Chancellor of the Exchequer what has been the average annual increase in retail prices, wholesale prices and the implied gross domestic product deflator in each of the principal industrial countries from 1960 to the latest available date; and what is the reason for the differences within and between countries in the three series.
§ Mr. Denzil Davies
The information is given in the following tables:
in the impact of indirect taxes and subsidies and in the impact of changes in import prices. Since the implied gross domestic product deflator is an index of home costs per unit of output it is not directly affected by import prices.