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...numbers on a cash register. This summer the drought has sent food prices leaping again, even though inflation in the rest of the economy remains at tolerable levels. The Government said last week that during July the Consumer Price Index rose 0.4%, an annual rate of 5.2%. But the subindex for food and beverages jumped 0.9%, raising the possibility of double-digit inflation at the supermarket. Among the hardest hit in July: fruits and vegetables (4.7%), poultry (7.4%) and eggs (9.6%). Prices for many meat and dairy products are rising because the cost of animal feed has gone...

Author: /time Magazine | Title: Heatstroke | 9/5/1988 | See Source »

...index of wholesale prices compiled by the U. S. Department of Labor for August reveals an advance to 149.7, compared with 147 for July, and 145 for June, 1924. Of the nine subindex numbers, four advanced, two declined, and three remained unchanged from the previous month. Farm products rose from 141 in July to 145 in August; food advanced from 138 to 144; cloths and clothing from 188 to 190; and chemicals and drugs from 127 to 130. On the other hand, fuel and lighting fell from 173 to 170, and miscellaneous from 112 to 111. Metals and metal products...

Author: /time Magazine | Title: The Press: Wholesale Prices | 9/29/1924 | See Source »

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