PRICES: High Living

Never in U.S. history had the cost of living been so high. Between Jan. 15 and Feb. 15 it jumped 1.3% to 183.8, reported the Bureau of Labor Statistics.

In this day of escalator clauses, the report of such a rise starts another rise on its way. A million workers, most of them in the auto industry, are entitled to pay increases on the strength of BLS's report last week. Another million non-operating railroad workers became eligible for a 6¢-an-hour pay boost even though more than a 2¢ increase would put them over the legal wage ceiling. Their contracts,...

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