Ceisteanna—Questions. Oral Answers. - Value of IR£.
asked the Taoiseach the value of the Irish pound in 1976 in comparison with its value in each subsequent year.
Comment on this
The domestic purchasing value of the £ is estimated on the basis of the consumer price index.
With the permission of the Ceann Comhairle, I propose to circulate in the Official Report a statement giving the amounts which would have been required each year since 1976 to purchase the same quantum of goods and services at retail prices as £1 would have purchased in 1976.
Following is the statement:
Cost of Purchasing the Samequantum of Goods and Services at Retail Prices.
Comment on this
The cost of purchasing the same quantity of goods and services at retail prices is £1.64.