POST-WAR INFLATION

Grey River Argus, 23 December 1943, Page 8

POST-WAR INFLATION

PRICE RISES INEVITABLE. NEW YORK, Dec. 21. The "Wall Street” journal says: The executives of the motor-car industry ; rea ct that automobiles after the war' will cost 25 to 40 per cent, more than the same models two years ago, when the industry’s assembly lines closed for the duration. Increased wages, higher . overhead, more costly raw materials and heavier taxation—all will contribute to the higher selling prices. Automobile industry executives agree that other industries will be similarly atfected. Washing machines, radios,and refrigerators almost certainly will be more costly after the war. One official summed up the ..general view as follows: “S’uch predictions of higher prices are a measure of opinion as to the degree of post-war price inflation likely to prevail."