asked the Taoiseach the value and purchasing power of the pound in 1932, 1938, 1948, 1956 and 1965.
Ceisteanna—Questions. Oral Answers. - Purchasing Power of Pound.
7.
With your permission, a Leas-Cheann Comhairle, I propose to circulate in the Official Report a statement giving the estimated amounts required in the years specified to purchase the same quantum of goods and services at retail prices as would £1 at mid-May, 1965. 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:—
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-May, 1965.
|
Period |
Amount |
|
|
s. |
d. |
|
|
Year 1932 |
5 |
6 |
|
,, 1938 |
6 |
0 |
|
,, 1948 |
11 |
0 |
|
,, 1956 |
14 |
10 |
|
Mid-May, 1965 |
20 |
0 |
Could the Parliamentary Secretary give me the figures for 1965?
There are only four figures involved.
In 1965, 20/-.
In mid-May, 1965, 20/-; in 1956, 14/10d; in 1948, 11/-; in 1938, 6/-; and in 1932, 5/6d.