asked the Taoiseach the present value of the £ in comparison with its value on 1st April, 1968.
Written Answers. - Value of £.
287.
Estimates of changes in the value of money are based on the consumer price index numbers which are calculated only in respect of mid-February, mid-May, mid-August and mid-November each year. It is estimated on the basis of the index numbers that £1 at mid-May, 1975, would purchase the same quantum of goods and services at retail prices as 45.6 pence would have purchased at mid-May, 1968.