STATE OF BUSINESS: Passing the Peak?

Though some businessmen worried about deflation, the enemy, on the record, is still inflation. In February, for the sixth straight month, reported the Bureau of Labor Statistics, the cost of living jumped another notch, rose .4% to a new record of 118.7 on the 1947-49 average, 3.6% higher than February of 1956. Except for clothing, every major group of consumer goods was more costly, with food prices up .7% for the month to a Ievel 4.4% higher than at the same time last year. Will the rise continue? Said Labor Statistics Commissioner...

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