Business: Visions of More Inflation

For the ninth straight month, consumer prices held steady in March at 123.7 of the 1947-49 index. This news from the Labor Department seemed proof enough that the U.S. is not in the grip of any new inflation, but it was almost drowned out last week in a rising din over the dangers of inflation ahead.

Vice Chairman C. Canby Balderston of the Federal Reserve Board warned the Philadelphia Bond Club that industrial prices have risen 2% since the recession low, sooner and more sharply than after the two last recessions, despite continued high...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!