Prices: A Very Expensive Year

If present price trends continue up ward, the average American will remember 1968 as a very expensive year. In August, the most recent month for which the consumer price index has been computed, prices rose 4.3% over the same month in 1967. For the year to date, they have risen 3% over 1967.

Nowadays, the poor consumer utters hardly a syllable of complaint when confronted with a $3 man's haircut in Chicago, a $2.25 neighborhood-movie ticket in Boston, a $1-a-dozen carton of eggs in Detroit. Medical costs are up 7.1% since last year. A private hospital room now goes for $60...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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