HC Deb 30 January 1978 vol 943 c40W
Mr. Ron Lewis

asked the Minister of Agriculture, Fisheries and Fond if he will publish in the Official Report his estimate of price increases, item by item, as a result of the decision of the House for 7½ per cent. devaluation of the green pound.

Mr. Bishop

I estimate that devaluation of the green pound by 7½ per cent. would give rise over a period of time to the following increases in retail prices.

  • Butter—4½p per lb.
  • Cheddar cheese—4½p per lb.
  • Beef—2p per lb.
  • Pork—1p per lb.
  • Bacon—1½p per lb.
  • Broilers—½p per lb.
  • Eggs—1p per dozen—Grade 4.
  • Bread—½p per standard loaf.
  • Sugar—1½p per kg