Concern Over Steady Rise in Living Costs
Costs of living in the united states have been mounting steadily for a year and a half. The consumer price index compiled by the Bureau of Labor Statistics touched a new high in July for the eleventh consecutive month. The rise began, after three years of relative stability, in March 1956 and has been interrupted since then only by a slight decline in the one month of August 1956. The advance since the spring of 1956 now amounts to a full five per cent.
When the index figures for July were announced on Aug. 23,1 Senate Majority Leader Lyndon B. Johnson (D-Texas) warned that the mounting cost of living might “well become the dominant issue on the American scene,” ...