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British Mandate: A Survey of Palestine: Supplement - Page 106 |
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INDEX NUMBERS OF CERTAIN FACTORS ILLUSTRATING INFLATIONARY PRESSURES (AUGUST, 1939 = 100)
December, 1944
Currency in circulation Bank Deposits
Total Means of Payment National Income (whole year) Retail Prices-Food
Wholesale Prices-Cereals and meat Wholesale Prices-Other food Volume of Imports (whole year)
December, 1946
423 355 378 407 345 409 523
52
443 487 472
Not available
365
376
559
117
The position of the Palestine price level as compared with that of certain other Middle Eastern countries is illustrated in the following table
(p. 835)
(T. 2)
COST OF LIVING INDEX NUMBERS OF CERTAIN MIDDLE EAST COUNTRIES.
1939-Decernber 1940-December 1941-June
December 1942-June December 1943-June December 1944-June December 1945-June December 1946--June December
I Palestine I
Year and month (pre-\~'ar=100)
111 131 138 166 185 211 248 230 238 252 254 259 200 275
Lebanon (June-Aug. 1939~100)
II Egypt I
(July-Aug. Iraq
1939~100) (1939~100)
--- -
110 108
122
134
233(Jan. 40) 156
275 178
362 215 [
458 241 l
481 257 ~
557 277 ~
630 292 ~
567 290 ~
527 283 i
544 289
----• 05(Nov.) 23
05
58
75
96
79
RELATION BETWEEN THE PALESTINE POUND AND THE POUND STERLING.
Between the years 1939 and 1946 the purchasing power of the Palestine pound fell steadily vis-a-vis that of the pound sterling. The extent of the decrease can be indicated in several ways.
106