RETAIL PRICE INDEX
REASON FOR REPLACEMENT (F.0.P.R.) WELLINGTON, Aug. 13. Reasons why the retail price index was not being issued were given by the Minister in Charge of the Census and Statistics Department, Mr D. G. Sullivan, replying to an inquiry by Mr W. J. Poison (Oppn., Stratford) during consideration of the departmental estimates in the House of Representatives to-day. The Minister said that the retail price index had been replaced by the war-time price index, as the former was not applicable to present-day conditions. Mr Sullivan said there were items in the retail price index that 1 were not procurable to-day. With the changes due to reduced quotas and other altered factors caused by war-time circumstances, the retail price index would not be a true guide at present. For that reason it had been replaced by the war-time price index, in which he thought there was about 242 items. The whole idea of replacing the retail price index by the war-time index was to give people a truer picture of the situation.
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Bibliographic details
Otago Daily Times, Issue 25304, 14 August 1943, Page 6
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173RETAIL PRICE INDEX Otago Daily Times, Issue 25304, 14 August 1943, Page 6
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