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Dáil Éireann díospóireacht -
Wednesday, 23 Oct 1974

Vol. 275 No. 1

Ceisteanna—Questions. Oral Answers. - Value of £.

14.

asked the Taoiseach the value of the £ on 10th October, 1974, as compared with its value in December, 1973.

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-August, 1974, would purchase the same quantum of goods and services at retail prices as 87.2 pence would have purchased at mid-November, 1973.

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