Magazine content is available exclusively for TIME subscribers.STATE OF BUSINESS: High Costs & Mixed Prophecies
After remaining fairly steady for six months, the cost of living rose to a new record in April. The consumer price index jumped to 126.2 of the 1947-49 average, reported the Bureau of Labor Statistics last week, almost 2% above a year ago. The rise resulted chiefly from a 1.5% increase in food prices, which account for about 30% of the index. "This does not mark the beginning of a strong upward trend," said Arnold Chase, chief of the bureau's price division, although he expects the index to rise gradually through the summer. The rise means automatic wage increases...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Four Ways the U.S. Could End Up at War with Iran Before the Election*
- The Art of Nazi Hunting: How Israel's Mossad Found Adolf Eichmann
- JC Penney and Ellen, Lowe's and All-American Muslim: A Tale of Two Bigotries
- Study: Zapping the Brain Boosts Memory
- College Endowments: Why Even Harvard Isn't As Rich As You Think
- Pentagon Rules 'Shift' on Women in Combat
- Bradying: The Poor Man's Tebowing
- Twimmolation Alert: Roland Martin Gets His Ascot in Hot Water at CNN
- House Pulls the Plug. Too Soon or Too Late?
- Why We Need a New Definition of 'PC'
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- The Brain: How The Brain Rewires Itself
- Egypt's NGO Crisis: How Will U.S. Aid Play in the Controversy?
- Friends With Benefits
- Seoul Searching
- New York City: 10 Things to Do
- Pentagon Rules 'Shift' on Women in Combat
- In Singapore, Finding Peace Among the Pain of Thaipusam
- Haiti Papers Over the Past: The Rebranding of 'Baby Doc' Duvalier
- The Street Fighter
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
