Prices: The International Binge

While the cost of living in the U.S. has risen only an average 1% a year since 1957, the rest of the world is off on a binge of price rises. In 57 non-Communist nations whose productivity is tabulated by the International Monetary Fund, the cost of living has climbed 26.8% since 1958. It rose 7.9% last year. In the United Kingdom and Germany the cost of living was up 2.8% in 1962, and in France 5.4% ; Italy has undergone a 6.6% jump in the past twelve months. Booming Japan's living costs...

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