LIVING COSTS HIT NEW PEAK, cried the headlines. Up went the U.S. Consumer Price Index by one-half of 1% during the month of July to its eleventh successive monthly alltime high, adding up to a creeping 3.2% inflation since July 1956, a decline of 20.8% in the spending power of the dollar since 1947-49 (see BUSINESS.)
Up went doctors' bills, cosmetics, TV repairs, outweighing light " declines in clothing and household appliances. Up above all went the cost of foodbacon by an average 6/ a pound, round steak by 4¢ and frying chickens by 2¢, eggs by 6¢ a dozento...
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