THE ECONOMY: Inflation

Dinning into Washington from every state in the union and every nation in the free world were reports of food prices going up, rents going up, wages going up, doctors' bills going up, in what London's Economist called "the continuing crisis of our times, the fall in the value of our money." One day last week, the U.S. Bureau of Labor Statistics reported that in June the U.S. cost of living had gone up a sharp one-half of 1% (to 120.2 with 1947-49 as base of 100) to its tenth successive alltime...

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!