THE ECONOMY: Up&Up;

Washington's Bureau of Labor Statistics issued its monthly bad news: the cost-of-living index was up another half-point to an alltime high in mid-December of 189.1 (100 equals the average 1935-39 level). It was the fourth increase in a row, boosting the year-end level to a full ten points over December 1950. Main reasons this time: costlier fruits and vegetables, cigarettes, medical care and haircuts.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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