asked the Taoiseach the actual purchasing power of one pound sterling, as compared with 1st April 1938, at 1st April in each of the years 1947, 1952, 1962 and 1963.
Ceisteanna—Questions. Oral Answers. - Purchasing Power of Pound.
1.
With your permission, Sir, I propose to circulate in the Official Report a statement giving the estimated amount required at mid-February, 1938, to purchase the same quantum of goods and services at retail prices as would £1 at mid-February in each of the years 1947, 1952, 1962 and 1963. The estimates are based on the retail price index numbers which are calculated in respect of mid-February, mid-May, mid-August and mid-November each year.
Following is the statement:
ESTIMATED amount required at mid-February, 1938, to purchase the same quantum of goods and services at retail prices as would £1 at mid-February, in the years specified.
|
£1 at mid-February in the years specified |
Amount required at mid-February, 1938 |
|
|
s. |
d. |
|
|
1938 |
20 |
0 |
|
1947 |
11 |
9 |
|
1952 |
9 |
6 |
|
1962 |
7 |
1 |
|
1963 |
6 |
9 |