HC Deb 13 July 1956 vol 556 cc56-7W
Mr. de Freitas

asked the Chancellor of the Exchequer the internal purchasing value of the £ sterling in June, 1956, June, 1955, June, 1954, June, 1953, and June, 1952, taking the value in October, 1951, as 20s.

Mr. H. Macmillan

Taking the internal purchasing power of the £ as 20s. in October, 1951, the corresponding figures for the dates referred to in the Question are as follows:

s. d.
June, 1952 19 4
June, 1953 19 1
June, 1954 18 11
June, 1955 18 2
May, 1956 17 3

This estimate is based on the Consumer Price Index adjusted for June in each year by reference to the Retail Price Index. May, 1956, is the latest date for which information is available.

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