The U.S. cost of living went up again in August, reaching the highest peak yet. The Bureau of Labor Statistics reported last week that its index (1947-49 = 100) increased from 114.7 in mid-July to 115 in mid-August, with meat, rent and increased New York City subway fares accounting for much of the rise (fresh vegetables, home furnishings and women's clothing declined a bit). In news accounts of the B.L.S. report, such headline phrases as "new high" tended to obscure the fact that over the past year the retail price level has changed very little: in August 1952, the...
To continue reading:
or
Log-In