STATE OF BUSINESS: Jump in Prices

Prices, which have been slowly edging up, have taken a sudden jump. The Labor Department reported last week that its cost-of-living index rose nearly half a point to 127.3 of the 1947-49 average—the biggest monthly jump since April, and the ninth rise in the past ten months. The rise took place not only in the cost of such non-durables as food, transportation, personal and medical care and clothing but —for the first time in 1960—in durable commodities as well.

The earnings of factory workers kept pace with the living cost, also hit new records in October. They rose to $81.50...

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!