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Written question asked by John P Smith (Labour) on Monday, 8 May 2006, in the House of Commons. It was due for an answer on Thursday, 11 May 2006. It was answered by John Healey (Labour) on Thursday, 11 May 2006 on behalf of the Treasury.


Inflation

Question
To ask the Chancellor of the Exchequer what the level of inflation is in the UK, the EU and the USA; and if he will make a statement.
Answer

At present, the rate of CPI inflation in the UK is 1.8 per cent.; close to target despite recent rises in oil prices. This is below the current rate of CPI inflation in the United States, of 3.4 per cent., and below the rate of more than 2 per cent. in both the euro area and the EU as a whole.


Secondary information

Type
Written question
Reference
69719; 446 c438W
Session
2005-06
Question not reached
Yes
Subjects
Inflation
Link
View this Written question on www.publications.parliament.uk