asked the Taoiseach if he will state the present purchasing power of the £1 in relation to its purchasing power on 1st January, 1954.
Ceisteanna—Questions. Oral Answers. - Purchasing Power of Pound.
2.
Estimates of the purchasing power of money 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. It is estimated on the basis of these index numbers that at mid-November, 1963 (the latest date for which the index number has been computed) £1 would purchase the same quantum of goods and services at retail prices as would 15s. 1d. at mid-February, 1954.
3.
asked the Taoiseach the present purchasing value of the £1 compared with its corresponding purchasing value in 1937.
It is estimated on the basis of the retail price index numbers that, at mid-November, 1963 (the latest date for which the index number has been calculated), £1 would purchase the same quantum of goods and services at retail prices as would 6s. 6d. in the year 1937.