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Written question asked by Lord Kennedy of Southwark (Labour) on Tuesday, 15 December 2015, in the House of Lords. It was due for an answer on Thursday, 31 December 2015. It was answered by Lord O'Neill of Gatley (Conservative) on Wednesday, 23 December 2015 on behalf of the Treasury.


Inflation

Question

To ask Her Majesty’s Government what assessment they have made of the UK’s current CPI and RPI inflation rates.

Answer

CPI inflation was 0.1 per cent in November 2015 and RPI inflation was 1.1 per cent. Low inflation is being driven by falling food and energy prices, and we continue to see a combination of low prices, rising pay packets and record high employment.


Secondary information

Type
Written question
Reference
HL4619
Session
2015-16
Subjects
Inflation
Contains statistics
Yes
Link
View this Written question on www.parliament.uk