AMERICA’S COST OF LIVING
(Rec, 9 p.m.) WASHINGTON, Aug. 25. The United States Labour Department announced to-day that the consumers’ price index rose 1.2 per cent, in the month ended July 15, reaching the record level of 173.7 per cent, of the 1935-39 average. „ ' . . The General Motors Corporation immediately announced a wage increase for 333,000 employees under a union agreement tied to the price index which was formerly known as the cost of living index. The principal food ptice increases were in meat, poultry, fish, dairy products and eggs. The current index figure is 131.9 per cent, of the August. 1939, figure.
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Press, Volume LXXXIV, Issue 25583, 26 August 1948, Page 5
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102AMERICA’S COST OF LIVING Press, Volume LXXXIV, Issue 25583, 26 August 1948, Page 5
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