About the only good to come out'of the nation's most brutal postwar recession has been the decisive slowdown in inflation. The surge in living costs has slackened from a peak annual rate of 13.6% in the three months ended last October to 5% in the three months ended in May. During the past two weeks, though, a freshet of price increases, actual or contemplated, on aluminum, autos, gasoline and sugar, has aroused some worry about whether the progress can be sustained. Then, rumors of a new Soviet purchase of U.S. grain revived memories of the massiveand inflationary1972 Russian...
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