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...

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