asked the Taoiseach the value of the £1 in 1922, 1932, 1951, 1957 and 1971.
Ceisteanna—Questions. Oral Answers. - Value of £1.
10.
It is estimated on the basis of the consumer price index numbers that at mid-February, 1971, £1 would purchase the same quantum of goods and services at retail prices as would
|
p |
||
|
24.2 |
in |
1922 |
|
20.2 |
,, |
1932 |
|
44.6 |
,, |
1951 |
|
57.0 |
,, |
1957 |
In other words, you would buy as much for 5s in 1922 as you can buy for £1 now?
11.
asked the Taoiseach the amount it would take in 1948, 1951, 1954, 1956 and 1966, and at the latest available date to purchase the equivalent of £1 in 1932.
The estimated amounts which would be required to purchase the same quantum of goods and services at retail prices as would £1 in the year 1932 are as follows:—
|
£ |
||
|
2.01 |
in |
1948 |
|
2.21 |
,, |
1951 |
|
2.54 |
,, |
1954 |
|
2.71 |
,, |
1956 |
|
3.76 |
,, |
1966 |
|
4.95 |
,, |
1971 (February) |
The estimates are based on the consumer price index numbers.
The pound is surely jet propelled in losing value by much more than any other currency in the world.