asked the Taoiseach if he will state in respect of 1934, 1948, 1955, and mid-August, 1957, the amount of money which would have been required to purchase the same volume of goods and services as could have been purchased in 1906 for £250.
Ceisteanna—Questions. Oral Answers. - Comparison of Money Values.
The earliest date by reference to which information on the lines sought by the Deputy can be given is July, 1914, as there are no official statistics which afford a measure of changes in the value of money prior to that date. The approximate amount of money required to purchase the same volume of goods and services as £250 would buy in July, 1914, was £381 in 1934; £792 in 1948; £1,021 in 1955; and £1,140 in mid-August, 1957.