Inflation: More, More, More

Inflation struck a series of exasperating blows at consumer pocketbooks last week. Manufacturers posted higher prices for autos, appliances and coffee, and the Government granted the nation's airlines an increase in fares.

General Motors, the acknowledged pacesetter in auto prices, announced the largest increases in more than a decade. The window-sticker price of the average G.M. car will go up 3.9%, from $3,070 on 1969 models to $3,189 on the 1970 line. The company called the rise "modest" in view of much larger increases in the cost of labor and many materials. G.M. said that $38 of the $119 rise...

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!