HIGHER PRICES
IN PROSPECT FOR MOTOR CARS AND FOR OTHER ITEMS. “MEASURE OF POST-WAR INFLATION.” (By Telegraph—Pi-ess Association—copyright) (Received This Day, 11.40 a.m.) NEW YORK, December 21. Executives of the motor-car industry predict that automobiles, after the war, will cost 25 to 40 per cent more than the same models two years ago, when the industry’s assembly lines closed for the duration of the war, says the “Wall Street Journal.” Increased wages, higher overhead, more costly raw materials and heavier taxation all'will contribute to higher selling prices. The automobile industry’s executives agree that other industries will be similarly affected. Washing machines, radios and refrigerators almost certainly will be more costly after the war. One official summed up the general view as follows: —“Such predictions of higher prices are a measure of opinion as to the degree of post-war price inflation likely to prevail.”
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Wairarapa Times-Age, 22 December 1943, Page 4
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143HIGHER PRICES Wairarapa Times-Age, 22 December 1943, Page 4
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