STATE OF BUSINESS: High Costs & Mixed Prophecies

After remaining fairly steady for six months, the cost of living rose to a new record in April. The consumer price index jumped to 126.2 of the 1947-49 average, reported the Bureau of Labor Statistics last week, almost 2% above a year ago. The rise resulted chiefly from a 1.5% increase in food prices, which account for about 30% of the index. "This does not mark the beginning of a strong upward trend," said Arnold Chase, chief of the bureau's price division, although he expects the index to rise gradually through the summer. The rise means automatic wage increases...

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!