Thank you for visiting SNEWPapers!
Sign up free
The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
The U.S. cost of living rose 0.4% in June to a record high, driven by seasonal food price increases, per the Labor Department's consumer price index. This will trigger small wage hikes for 600,000 union workers.
Clipping
OCR Quality
Full Text
WASHINGTON, (AP) - The cost of living rose four-tenths of one per cent in June to a record high.
This was the largest monthly increase in 14 months.
Announcing the rise, as measured by its consumer price index, the Labor Department said today that all major items in the living costs of city families advanced.
However, Commissioner Ewan Clague of the Bureau of Labor Statistics told newsmen the upsurge of prices was "not a sign that the index is about to take off."
He said the increase was largely seasonal, due to a sharp advance in foods, chiefly fresh fruits and vegetables.
The rise took the price index to 124.5 per cent of the 1947-49 average. This is six-tenths of one per cent higher than a year ago.
The increase will mean wage boosts of 1 or 2 cents an hour for about 600,000 workers whose union contracts have escalator clauses calling for periodic adjustments of wages to the cost of living.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Washington
Event Date
June
Key Persons
Outcome
the price index rose to 124.5 per cent of the 1947-49 average, six-tenths of one per cent higher than a year ago. wage boosts of 1 or 2 cents an hour for about 600,000 workers with escalator clauses.
Event Details
The cost of living rose four-tenths of one per cent in June to a record high, the largest monthly increase in 14 months. All major items in city families' living costs advanced, largely due to seasonal sharp advance in foods, chiefly fresh fruits and vegetables. Commissioner Ewan Clague stated the upsurge was not a sign the index is about to take off.