THE ECONOMY: Inflation, Creeping

Perhaps because it came the week after the income-tax deadline and in the still-blazing afterglow of the Humphrey flap over federal spending, the Federal Government's latest report on another rise in the cost of living curled the hair of many a U.S. businessman and wage earner last week.

Highlights of the report, released by the Bureau of Labor Statistics: between mid-February and mid-March the U.S. consumer price index (1947-49 = 100).jumped 0.2% over the previous period, to an all-time high of 118.9. The increase, seventh consecutive one in as many months, brought living costs 3.7% over what they were a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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