§ 27. Mr. McKay
asked the Chancellor of the Exchequer the yearly changes in the Treasury's general consumers' index, indicating the drop in the value of the £ sterling on the basis of the year 1945 being 100, to the year 1956; and if he will also show the yearly changes in the general retail prices corresponding with the variations in the value of the £ sterling for the same dates.
§ The Economic Secretary to the Treasury (Sir Edward Boyle)
As the reply contains a number of figures I will, with permission, circulate it in the OFFICIAL REPORT.
§ Following is the reply:
|Consumer Price Index||Purchasing power of the £ derived from col. (1) (a)||Retail Price Index||Corresponding value of the £ derived from col. (3) (a)|
|May. 1956 (c)||…||137||14||7||146||13||8|
|(a) The figures in cols. (2) and (4) have been calculated from the series given in cols. (1) and (3) before rounding.|
|(b) The Consumer Price Index has been revised for the years from 1946 onwards, so that the figures for 1945 are not strictly comparable with the rest of the series.|
|(c) The figures for May, 1956, in cols. (1) and (2) are provisional and have been obtained by linking the Consumer Price Index with the Retail Price Index since 1955.|