Word: lag
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...away at Portugal. Financial Wizard Salazar has not balanced the budgets of Portuguese families. Food prices have nearly doubled since 1939. One typical family with a monthly income of 1,200 escudos in May paid out 1,663 escudos for rent, food, clothing, water and light. Strictly controlled wages lag far behind. Government workers, especially important to a dictatorship, got a 25% increase in 1944 to meet a 112% rise in the retail price index...
...thing that may keep down inflation in Canada is not so much her new rules as the old fact that her price movements now lag behind those of the U.S. Thus, the inflationary pressures may not reach their peak in Canada until U.S. production is high enough to put a rein on prices...
...Despite governmental bumbling and individuals like Reader Henry, the U.S. has given the hungry world millions of tons of foodstuffs (example: 9,000,000 tons of wheat) since war's end. Shipments still lag behind promises-but they are catching...
Most important, the abnormal demand for food, clothing and other consumer goods has been partially filled. The return to normal demand should put a crimp in prices. In any case, the spiral of wages & costs cannot rise indefinitely, as long as production is increasing. The fact that wages usually lag behind rising prices will bring acute hardship to many. But it will put an ultimate ceiling on prices. As purchasing power drops, prices will have to come down also...
...faith must not lag behind contagious diseases in spreading." This was Toyohiko Kagawa's new watchword for the Japanese faithful. He gave it to the 3,500 delegates of the Christian churches of Japan who had assembled on the windswept campus of Tokyo's bombed...