DISARRAY IN UK OFFICIAL INFLATION FIGURES

That this House notes the two official measures of inflation, the Retail Prices Index and Consumer Prices Index, and the disparity in figures between the two measures; further notes that in April 2009 one measure indicated inflation and the other indicated deflation in the British economy; further notes the confusion this caused in the broadcast media, causing the BBC to report inflation while ITN and Sky reported deflation; and believes that an urgent review of these measures of inflation should be undertaken so that a more coherent inflation index is introduced.