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Consumer Prices

Volume 995: debated on Tuesday 5 February 1980

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asked the Chancellor of the Exchequer what were the relative prices in table 1 of the Economic Progress Report for July 1977; and haw these compare with the latest figures.

The relative prices given were those of a broadly comparable "basket" of consumer goods and services in domestic currencies in each of the EEC capitals expressed as a percentage of the price—in foreign exchange—of an equivalent purchase in London. The estimates were based on a five-yearly survey of consumer prices, last carried out in 1975, by the Statistical Office o the European Communities.As the 1980 survey is not quite completed, later results are not yet available. However, the following table gives approximate up-dates for September 1980 derived by the Department of Employment by adjusting the 1975 data with reference to subsequent changes in respective consumer prices indices.

Consumer purchasing power parities as a percentage of market exchange rates.
October 1975September 1980* (provisional estimates)
London100100
Bonn129102
Paris131102
Rome10178
Amsterdam11996
Brussels12290
October 1975September 1980* (provisional estimates)
Luxembourg11390
Dublin9888
Copenhagen147122
* Exchange rates for September 1980 relate to end of month.