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Cost Of Living

Volume 531: debated on Thursday 28 October 1954

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asked the Minister of Labour whether he is aware that there are great variations in food prices, for example, for different cuts of meat; and on what basis prices are taken for the compiling of the Interim Index of Retail Prices.

For most articles of food and for various other items prices are obtained each month from a number of representative retailers in 200 different areas throughout the United Kingdom. A detailed account of the methods used in collecting the prices and computing the index is given in the publication "Interim Index of Retail Prices: Method of Construction and Calculation."