Prices: Inflation Everywhere

Inflation is becoming a worldwide epidemic, producing political fevers as well as economic bruises. Practically no country is immune, regardless of its wealth, size, politics or state of devel opment. Almost everywhere inflation is worse than in the U.S.

In Belgium, where prices rose 4% in the past twelve months, the government fell three weeks ago because it proposed emergency taxes to keep prices in check. Austria next week will hold a national election, with inflation as the central issue: prices advanced 5% last year, and Socialists are mad because the conservative People's Party favors a temporary tax increase. In...

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!