Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the level of inflation in (a) the UK and (b) other comparable countries; and if he will make a statement.

The Office for National Statistics release statistics on UK inflation. These show that the annual rate of CPI inflation was 10.7% in November, down from 11.1% in October.

The Office for Budget Responsibility has confirmed global factors are the primary cause of current inflation. Inflation is high here – but higher in Germany (11.3%), the Netherlands (11.2%), and Italy (12.5%).