Table No. 19 PRIVATE INCOME

B—6

Note.—While the retail prices index numbers may be regarded as a reasonably appropriate correction factor for salaries and wages, their application to the wider field of national income is less valid. When an analysis of national expenditure becomes available it will be possible to devise a more suitable corrective for price changes. In the meantime the results given in Tables Nos. 19 to 21 must be regarded as affording only an approximate indication of general trends in real income.

iii B—o

55

At Current Prices. At 1938-39 Prices. Retail Prices Year. Total. Per Head. Index Number* Base; Total. ! Per Head. Private Income. Direct Taxes. Private Disposable Income. Private Income. Direct Taxes. Private Disposable Income. 1938-39 = (1000). Private Income. Private Disposable Income. Private Income. Private Disposable Income. 1938-39 .. 1939H10 1940-41 1941-42 1942-43 1943-44 1944-45 1945-46 1946-47 1947-48 £(m.) 200-7 216-4 233-9 253-9 291-4 326-4 334-5 366-2 407-5 455 -Of £(m.) 23-0 29-6 44-4 50-0 64-5 73-7 79-9 83-9 77-1 76-2+ £(m.) 177-7 186-8 189-5 203-9 226-9 252-7 254-6 282-3 330-4 378-8+ £ 124-6 132-4 141-2 152-0 171-9 191-2 194-1 210-0 229-0 250-6+ £ 14-3 18-1 26-8 29-9 38-0 43-2 46-4 48-1 43-3 42-0+ £ 110-3 114-3 114-4 122-1 133-9 148-0 147-7 161-9 185-7 208 -6+ 1000 1050 1093 1129 1173 1182 1185 1186 1191 1254 | £(m.) I 200-7 ! 206- ] i 214-0 224-9 248-4 1 276-1 282-3 1 308-8 342-1 362 -8+ I £(m.) 177-7 177-9 173-4 180-6 ! 193-4 213-8 214-9 238-0 277-4 302- If £ 124-6 126-1 I 129-2 i 134-7 ! 146-5 161-7 163-8 177-1 192-3 199-8+ I £ 110-3 108-9 104-7 108-1 114-1 125-2 124-7 136-5 155-9 166-4+ INDEX NUMBERS BASE: 1938-39 = = (100) 1938-39 1939-40 1940-41 1941-42 1942-43 1943-44 .. 1944r-45 1945-46 1946-47 1947-48 100 108 117 127 145 163 167 182 203 227+ 100 129 193 217 280 320 347 365 335 331f 100 105 107 115 128 142 143 159 186 213+ 100 106 113 122 138 153 156 169 184 201+ 100 127 187 209 266 302 324 • 336 303 294| 100 104 104 111 121 134 134 147 168 189f 1 100 103 107 112 124 138 141 154 170 181f 100 100 98 102 109 120 121 134 156 170+ 100 101 104 108 118 130 131 142 154 160+ 100 • i 99 95 98 103 i 114 1 113 ! 124 ! 141 | 151+ * Old series up to December, 1942, linked to wartime prices index. t Provisional.