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...
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