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Wednesday, 7 December 1938

Mr Price e asked the Treasurer, upon notice -

What was the purchasing power of £1 based on the purchase of uniform quantities of (a) groceries (including bread); (b) dairy produce; and (c) meat, at each of the capital cities for the years 1901 to 1938?

Mr Casey - I regret that to compile the whole of the information desired by the honorable member would involve an amount of labour and expenditure that would not be warranted in the circumstances. I am able, however, to supply the following statement showing the amounts necessary on the average in each period specified to purchase in each capital city what would have cost, on the average, £1 in 1911 in the six capitals as a whole: -



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