SHARP RISE IN PRICES
WHAT PRICE INDEX FIGURES SHOW ISpecial to “Northern Advocate.”] AUCKLAND, This Day. The general outcry against an apparent increase in the cost of living is borne out to some extent by figures published in the Monthly Abstract from June, 1936. The Dominion average of prices shows the index figure of the Dominion in May as 852, compared with 838 as the general average in 1932 —a rise of 14 "points. The year 1932 is chosen for purposes of comparison, by reason of the fact that the 10 per cent, reduction in wages was then generally in operation, without any movement towards a restoration. The Government’s statistician’s figures show that 1934 was the cheapest year, with an average of 808 covering all items, including food, rent, fuel, clothing, drapery, footwear, and many details. In the following year there was a steep increase of 29 points but. the figures for May, 1936, show a rise of another 15 points.
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Northern Advocate, 11 July 1936, Page 8
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161SHARP RISE IN PRICES Northern Advocate, 11 July 1936, Page 8
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