COST OF LIVING.

Grey River Argus, 24 June 1922, Page 5

COST OF LIVING.

NOT FALLING LIKE WAGES. (Received June 23 at 5.5 p.m.) SYDNEY. June 23. The “Morning Herald,” in : speuia l article, dealing with the cost of living, says that while prices generally have fallen with a tendency in some instances to drop even further, there is a feeling among the public that, in some cases, the drop is insufficient, especially in view of the declaration of a decreased basic wage. The paper declares that there are factors in the price fixing which are not always appreciated by the public. It quotes statements from heads of business houses showing worn j i’s fads and their unrecognised causes rule some lines, and one merchant declared there, was a section of the public who demanded high priced extravagant articles that were not governed by any law of supply and demand, but absolutely by the taste of purchasers, who very often would not take high qualitj' goods at half price. If offered them, they would feel that goods were not what they were represented to be. The “Herald” adds:—“Specking of obsolute necessities, governed by supply and demand, prices in every instance have fallen very considerably.