Dáil
‹ Ceisteanna—Questions. Oral Answers. - Costs of Goods and Services. Consumer price index purchasing power
Summary
O’Keeffe asked how many pence in July 1977 bought the goods and services costing £1 today; Woods estimated 81.4p at mid-August 1977 equalled £1 at mid-August 1979, the latest available CPI date.
asked the Taoiseach with reference to the consumer price index the number of pence required on 5 July 1977 to purchase the cross section of goods and services costing one punt today.
Comment on this
On the basis of the consumer price index, which is calculated in respect of mid-February, mid-May, mid-August and mid-November each year, it is estimated that 81.4p would be required at mid-August 1977 to purchase the same quantum of goods and services as £1 at mid-August 1979. Mid-August 1979 is the latest date for which the consumer price index is available.