Dáil
‹ Ceisteanna—Questions. Oral Answers. - Purchasing Power of £100. Purchasing power and price stabilisation
Summary
The Parliamentary Secretary estimated £100 in February 1973 required £173.26 in May 1976; Murphy asked when prices would be stabilised, and the Chair called it a policy matter.
asked the Taoiseach the purchasing power of £100 in mid-May, 1976, reckoning mid-February, 1973 as the base.
Comment on this
It is estimated on the basis of the Consumer Price Index numbers that £173.26 would be required at mid-May, 1976 to purchase the same quantum of goods and services at retail prices as £100 would have purchased at midFebruary, 1973.
Comment on this
Did I hear the Parliamentary Secretary say £173.26? If this is correct, could he inform me when the Government intend to stabilise prices?
