HC Deb 06 July 1956 vol 555 cc143-4W
Mr. McKay

asked the Minister of Labour the average rise in the cost-of-living index figure, based on the 17th June, 1947, index, for 1956 up to the latest date above that of the average index figure of 149 in 1955; what rise this represents in actual per cent.; and how much he estimates such a rise in per cent. gives on the average earnings of the workers of 222s. 11d. in October, 1955.

Mr. Iain Macleod

With prices at 17th June, 1947, taken as 100 the average of the index figures for January to May of this year was 155. This was about 4 per cent. above the average index figure for the whole of 1955, but only 2 per cent. above the index figure for October, 1955, the date to which the earnings figure of 222s. 11d. for adult males relates. Increases of 4 per cent. and 2 per cent. on a sum of 222s. 11d. would amount to about 9s. and 4s. 6d., respectively.