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Atlanta Daily World
Atlanta, Fulton County, Georgia
What is this article about?
U.S. Labor Department reports 0.3% drop in cost of living index from November to December 1955 in Washington, first decline since August, due to lower transportation, food, and housing prices. Factory workers' purchasing power rose over 6% year-over-year.
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Drop Reported
WASHINGTON
I--(INS)The government reported Friday that living
costs declined three-tenths of
one per cent between November and
December.
The labor department, in its monthly
cost of living report attributed
the decline to lower prices for trans-
portation, food and housing.
The department said that the de-
cline, the first since August, reduc-
ed the cost of living index to 114.7
per cent above December, 1954.
At the end of 1955, the report said.
the purchasing power of the average
factory worker's paycheck was more
than six per cent higher than a year
earlier.
In December, the weekly pay of the average
factory
worker
with
three dependents
was
$73.15
and
For Seasonal or For
Year-Round Living..
At Guntersville Lake
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Story Details
Location
Washington
Event Date
December 1955
Story Details
The government reported a three-tenths of one percent decline in living costs between November and December, attributed to lower prices for transportation, food, and housing. This was the first decline since August, reducing the index to 114.7 percent above December 1954. At the end of 1955, the average factory worker's purchasing power was over six percent higher than a year earlier, with weekly pay of $73.15 for a worker with three dependents.