PRICES: Purge in Pepper

The 1941 rise in commodity prices got a step nearer the serious stage last week.

Helped along by the shipping shortage and the Fulmer farm-loan act, the wholesale price of many a kitchen necessity was at or near a four-year high. Wheat was 9% higher than in January; butter, 18%; sugar, 17%; coffee, 45%; cocoa, 56%.

Part of these advances were already being felt in the retail markets, which is to say the housewives' pocket: the Bureau of Labor's index of retail food prices is up more than 4% since Christmas. Thus OPACS had...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!