Butter

HC Deb 17 February 1988 vol 127 cc676-7W

Mr. Ralph Howell

To ask the Minister of Agriculture, Fisheries and Food what was the retail price of butter for each year since 1970, in actual prices and in constant prices, and also showing 1970 as 100.

Mr. Donald Thompson

The table below provides the information requested:

Average Retail Price of Butter1
	Current p/500 gm.	Constant2 p/500 gm.	Constant2 p/500 gm. (1970 = 100)
1970	18.9	18.9	100
1971	26.2	23.9	126
1972	29.3	25.0	132
1973	25.6	20.0	106
1974	26.5	178	94
1975	34.9	18.9	100
1976	48.3	22.5	119
1977	58.7	23.6	125
1978	66.1	24.5	130
1979	78.4	25.6	135
1980	85.5	23.7	125
1981	92.4	22.9	121
1982	99.4	22.7	120
1983	99 1	21.6	114
1984	100.5	20.9	111
1985	102.8	20.1	106
1986	104.0	19.7	104
1987	103.0	18.7	99

1 Home-produced except for 1970–72 when no quotas were available and the price of New Zealand butter is used.

2 Deflated by all items Retail Prices Index.