asked the Taoiseach the purchasing value of the pound for each of the years 1938 to 1962 and at mid-August 1963.
Ceisteanna—Questions. Oral Answers. - Purchasing Value of Pound.
2.
With your permission, Sir, I propose to circulate in the Official Report a statement giving the required information.
Following is the statement:—
ESTIMATED amounts which would be required in the years specified to purchase the same quantum of goods and services at retail prices as would £1 at mid-August, 1963.
|
Year |
Amount |
|
|
s. |
d |
|
|
1938 |
6 |
10 |
|
1939 |
7 |
0 |
|
1940 |
8 |
1 |
|
1941 |
8 |
11 |
|
1942 |
9 |
10 |
|
1943 |
11 |
1 |
|
1944 |
11 |
8 |
|
1945 |
11 |
7 |
|
1946 |
11 |
5 |
|
1947 |
12 |
1 |
|
1948 |
12 |
6 |
|
1949 |
12 |
6 |
|
1950 |
12 |
8 |
|
1951 |
13 |
9 |
|
1952 |
14 |
11 |
|
1953 |
15 |
8 |
|
1954 |
15 |
9 |
|
1955 |
16 |
1 |
|
1956 |
16 |
10 |
|
1957 |
17 |
7 |
|
1958 |
18 |
4 |
|
1959 |
18 |
4 |
|
1960 |
18 |
4 |
|
1961 |
18 |
11 |
|
1962 |
19 |
8 |
|
August, 1963 |
£10 |
0 |
3.
asked the Taoiseach if he will state the purchasing value of the pound at mid-August, 1963 as compared with mid-August, 1946.
It is estimated on the basis of the retail price index numbers that at mid-August, 1963, £1 would have purchased the same quantum of goods and services at retail prices as would 11s. 4d. at mid-August, 1946.