asked the Taoiseach the annual value of the Irish Punt (its spending power) over the past 25 years.
Written Answers. - Value of IR£.
612.
The value of the Irish Pound is estimated on the basis of the Consumer Price Index. The amounts which would have been required each year since 1957 to purchase the same quantity of goods and services at retail prices as £1 would have purchased in 1957 are given in the following table:
|
Year |
£ |
Year |
£ |
|
1957 |
1.00 |
1970 |
1.67 |
|
1958 |
1.04 |
1971 |
1.82 |
|
1959 |
1.04 |
1972 |
1.97 |
|
1960 |
1.05 |
1973 |
2.20 |
|
1961 |
1.08 |
1974 |
2.57 |
|
1962 |
1.12 |
1975 |
3.11 |
|
1963 |
1.15 |
1976 |
3.67 |
|
1964 |
1.23 |
1977 |
4.17 |
|
1965 |
1.29 |
1978 |
4.49 |
|
1966 |
1.33 |
1979 |
5.08 |
|
1967 |
1.37 |
1980 |
6.01 |
|
1968 |
1.44 |
1981 |
7.24 |
|
1969 |
1.54 |
1982 |
8.48 |