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Cost Of Living

Volume 480: debated on Wednesday 15 November 1950

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asked the Chancellor of the Exchequer by what percentage has the cost of living increased since 1938; and by what percentage have personal incomes, after payment of all taxes, increased since 1938.

In 1949 the average price of all consumer goods and services currently bought is estimated to have been about 85 per cent. above the 1938 level; Total personal disposable income (that is, personal income less Income Tax, Surtax and employees' National Insurance contributions) is estimated in 1949 to have been about 95 per cent. higher than in 1938; no estimate for 1950 for personal incomes can yet be made.