Hit the Ceiling

December 1950
Time;12/11/1950, Vol. 56 Issue 24, p22
The article reports on the record increase in the consumer price index of Ewan Clague, commissioner of the U.S. Bureau of Labor Statistics, in November 1950. He believes that the figures will increase if rent costs were accurately measured. The steady rise in living costs is expected to lead to a decline in real earnings. Clague added that wage and price controls are likely to be implemented prior to another increase in his cost-of-living index.


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