§ Brigadier Clarkeasked the Chancellor of the Exchequer what has been the fall in the value of the £ sterling, from one year to another, since 1914, taking the index of 100 for that year.
§ Mr. ErrollThe table below sets out the estimated changes in the internal purchasing power of the £ sterling for the years since 1914, taking the index as 100 in 1914.
1914 100 1927 60 1946 38 1915 81 1928 60 1947 35 1916 68 1929 61 1948 33 1917 57 1930 63 1949 32 1918 49 1931 68 1950 31 1919 47 1932 69 1951 29 1920 40 1933 71 1952 27 1921 44 1934 71 1953 27 1922 55 1935 70 1954 26 1923 57 1936 68 1955 25 1924 57 1937 65 1956 24 1925 57 1938 64 1957 23 1926 58 The calculation is based on changes in the Cost of Living Index between 1914 and 1938, and changes in the Consumer Price Index since 1946. Figures are not available on a comparable basis for the years 1939 to 1945.