Major Lloydasked the Minister of Food what is the real price of a loaf of bread, allowing for the subsidy contribution; what was the highest price of a loaf of the same weight after the previous war; and what is the present value in money of that highest price.
218W
§ Sir B. Smith:The price of a quartern loaf, without bread and flour subsidies, would be Is. 2½d. The highest price of the 4 lb. loaf occurred in November, 1920, when it was is. 4d. On the basis of the cost of living figures it now costs about 11¾d. to purchase what cost Is. 4d. in November, 1920.