PRICES TO RISE.

Shannon News, 28 June 1921, Page 3

PRICES TO RISE.

A jeccnt cablegram lrom I.ondo*. stated that experts detected the beginnings of an upward trend in wholesale prices. As a; matter of fact" there were indications nearly two months ago of a check to the downward movement of ,wholesale commodity prices in the United Kingdom—a movement which at that date had been in progress wiihoiit interruptionsince'May, 1.92(4 The London Times' : index number of wholesale- commodity, prices showed a very slight in crease (.! per cent) for April,'as compared .with the preceding month. Another index number—-that of the “Financial Times—showed a decline of 1.4 par cent in April, but indications generally were Unit die downward movement had for the lime being reached or very closely approached its'.'no:. TP-' Lo-'i re-c : -on for accepting ■ id- view of the. mahev i-s f'lo.f the p i; - ( py -M. wiimwo’e pvlce.3 towevp the cud of lost, year hex- been ! a noring off since the beginning, of the oev-nt year. That is to say, although 'he fall in (hem prices contmvod rim '<'< 'bp end of March, the rate of fall ohmnished mopih by month. 'The folMving .wholesale' prices over the peri- ' -I indicated according to the London Times index number:—

The peak of Wholesale prices in the ’'nifed Kingdom was reached in'April, 1920. Well ovet a third of this increase has since been dropped, hut it will be noticed that while, foodstuffs are still 125 per cent above pre-war level, wholesale prices of raw materials show an increase of only about 54 per cent on those that obtained before the war.

Food. Materials. Tl. VI. 1:0(3 .. ' too 100 100 ! / Of. 11. ■1018'... 2.15.0 ■ 223.7 239.3 i i!, loin ... 286.1 . 307.8 ■ 296.9 N nr. 10 1020.:: " 3.18.5 939.9 329.2 her. 11. ■1020 ... VT‘2.9 207.8 210.3 I m. ]1. 1021 ... 216.7 182.6 214,7 ?8, 1021 ... 227.5 161.2194.4 Mar. 31 1921... 22777 ■150.9 189.3 Apr. K); 1021 ... •225.2 ' 153.7 189.4