Dáil Éireann - Volume 267 - 03 July, 1973

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

1. Mr. T.J. Fitzpatrick (Dublin Central) asked the Taoiseach the present purchasing value of the pound; and the purchasing value of the pound at the same date in 1972.

Parliamentary Secretary to the Taoiseach (Mr. Kelly): It is estimated on the basis of the consumer price index that £1 at mid-May, 1973, would purchase the same quantum of goods and services at retail prices as 89.5 pence would have purchased at mid-May, 1972.