COST OF LIVING.
THE CONSUMERS' STRIKE. (By o»We—P*«m Association—Copyright.) (lUuter'i Te.lesT*ma.i LONDON, March 20. According to a detailed statement of the present situation issued by the National Employers' Federation, a conBurners' strike —which is defined as a curious, world-wide psychological movement, which 'has suddenly induced millions of people in all couutiies, largely unconsciously, to refrain from buying until they can buy cheaper—is held to bo largely responsible for the present slump, although the European inflation of currenoy and inability to export on aooount of low production, are not overlooked. The report expresses the opinion that the cost of living will be reduced to GG per cent, above the pre-war level by tho end of tho year (as against 141 per cent, at present).
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Press, Volume LVII, Issue 17105, 29 March 1921, Page 6
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123COST OF LIVING. Press, Volume LVII, Issue 17105, 29 March 1921, Page 6
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