TRADE AND PRICES.
REi.SONB FOR PRESEFIf POSITION. CONSUMERS BUYING LESS. By Telegraph.—Pr*u Assn.—Copyright Received March 28, 7 p.m. London, March 26. . According to a detailed statement of the present situation, issued by the N*k< tional Employers’ Federation, a con« sumers’ strike, which is defined aa al ‘curious, world-wide, psychological move< ment, which suddenly induced of people in all countries largely un4 consciously to refrain from buying until they could buy cheaper, is held to l>dj largely responsible for the present! slump, although the European inflation of the currency and the inability to ex* port on account of low production are not overlooked. The report expresses the opinion that the cost of living willi be reduced to sixty-six per cent, abovdj the pre-war level by the end of thef year.—Reuter Service.
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Taranaki Daily News, 29 March 1921, Page 4
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130TRADE AND PRICES. Taranaki Daily News, 29 March 1921, Page 4
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