Prices Continue To Recede In U.S.A.
Reeeived Friday, 5.50 p.m. WA^HINGtTON, tffarch 24. Tlie trhitfe'd sUtes cc^t dlliVing.. in'dex ha'd its hi£gfest f all in , nehrly nine yfears in Fehruary. Tlie index : feil from 170.1 tb i09 per hfeht df ' the 1935/39 hveragfe. lt was the fifth cbhseciitive.fai'onth iri whiiili thel iridfex iihs df bpped sliite 'ii r fea'cHed i tiie recotd bf 1*74.5 per cent during ' August and S'eptfenihfer, 1948, and is ; the longest consecutivfe decline in tfen years. The Lahour D'epartmfent reporteft that the ind'ex wils ndw sligh'tly below April, 1948, but still :9 pef centhigher than a year ago, 27 pfer cfexit above June, i946, aM 71 pet c§ntq. above Aiigus't, 1939; ' . The Dfephrtmbnt Said a drop felf 2.5 per ceht in food jlriceS was chlfefiy responsibl'e for thfe lbwef ^ 'bvferall index. FoodS in Fehruary were 119.7 per ceht bf the 1935-39 avefagfe and 8 per cent Bfeibw thfe Juiy, 1948, record.
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Chronicle (Levin), 26 March 1949, Page 5
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155Prices Continue To Recede In U.S.A. Chronicle (Levin), 26 March 1949, Page 5
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