SHORTAGES: The Climb in Clothing

On top of the rising costs of food, gasoline and rent, inflation-riddled Americans now have still another worry. As the Christmas shopping season begins, prices of clothes and most other textile goods are climbing. A man's cotton dress shirt tagged $12 a year ago is selling for at least $14 this holiday season—if the shopper can find what he wants at all.

An all-silk necktie that went for $7.50 last year is now $12.50. At Manhattan's Saks Fifth Avenue, men's wool suits that sold for $280 earlier this year now cost $310. Presaging a further rise at the retail counters,...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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