asked the Taoiseach what it would take in 1948, 1951, 1954, 1956, 1966 and 1971, respectively to purchase the equivalent of £1 in (a) 1922 and (b) 1932.
Ceisteanna—Questions. Oral Answers. - Value of £.
18.
With the permission of the Ceann Comhairle, I propose to circulate in the Official Report a statement giving the required information.
Following is the statement:
ESTIMATED amounts which would be required in the years specified to purchase the same quantum of goods and services at retail prices as would £1 (a) in 1922 and (b) in 1932.
|
Year |
Estimated amount required to purchase the equivalent of £1 |
|
|
(a) in 1922 |
(b) in 1932 |
|
|
£ |
£ |
|
|
1948 |
1.68 |
2.01 |
|
1951 |
1.85 |
2.21 |
|
1954 |
2.12 |
2.54 |
|
1956 |
2.27 |
2.71 |
|
1966 |
3.14 |
3.76 |
|
1971 |
4.24 |
5.08 |
|
(average of three-quarters) |