§ 32. Mr. James Hamilton
asked the Chancellor of the Exchequer what were the inflation figures in June 1979, June 1980 and June 1981; and what prospects he sees for 1982.
§ Mr. Brittan
The year-on-year rate of increase in the RPI was 11.4 per cent. in June 1979; 21–0 per cent. in June 1980; and 11–3 per cent. in June 1981. We expect the year-on-year rate of inflation to fall to around 9 per cent. by the end of 1982.