asked the Taoiseach if he will state the purchasing power of the £ sterling as at mid-November in each year from 1938 to 1956 inclusive in terms of the purchasing power of the £ (a) at July, 1914; (b) at mid-November, 1938.
Written Answers. - Purchasing Power of Pound Sterling.
I propose, with the permission of the Ceann Comhairle, to circulate in the Official Report a statement giving the required information.
Following is the statement:—
The sums of money in (a) July, 1914, (b) mid-November, 1938, which would purchase at retail the same quantum of goods and services as £1 in mid-November of each year from 1938 to 1956 inclusive:
Mid-November |
At July, 1914 |
At mid-November, 1938 |
||
(a) |
(b) |
|||
s. |
d. |
s. |
d. |
|
1938 |
11 |
4 |
20 |
0 |
1939 |
10 |
5 |
18 |
4 |
1940 |
9 |
4 |
16 |
5 |
1941 |
8 |
5 |
14 |
10 |
1942 |
7 |
4 |
12 |
11 |
1943 |
6 |
10 |
12 |
0 |
1944 |
6 |
9 |
11 |
11 |
1945 |
6 |
9 |
11 |
10 |
1946 |
6 |
10 |
12 |
0 |
1947 |
6 |
6 |
11 |
4 |
1948 |
6 |
4 |
11 |
1 |
1949 |
6 |
3 |
11 |
0 |
1950 |
6 |
2 |
10 |
10 |
1951 |
5 |
7 |
9 |
9 |
1952 |
5 |
1 |
9 |
0 |
1953 |
5 |
0 |
8 |
10 |
1954 |
5 |
0 |
8 |
9 |
1955 |
4 |
9 |
8 |
5 |
1956 |
4 |
8 |
8 |
2 |