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Pine Bluff Daily Graphic
Pine Bluff, Jefferson County, Arkansas
What is this article about?
A statistician estimates that rising prices are costing Greater London's 7 million inhabitants about $500 million annually, based on pre-war consumption of essentials. Principal foodstuffs alone add $250 million, with daily food consumption at 9,500 tons, including bread price hikes contributing $35 million yearly.
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London, Jan. 13.--The rise in prices is costing the inhabitants of Greater London something like $500,000,000 a year. This is the conclusion arrived at by a statistician, based on a calculation of the pre-war consumption of food, fuel, clothing, tobacco, drink, etc.
In the principal foodstuffs alone he makes out a total increased expenditure of $250,000,000. The seven millions of people in Greater London consume about 9,500 tons of food daily.
This includes 6,200,000 pounds of bread a day, and, figuring the average rise at three pence a loaf, the increased expenditure on this item alone amounts to $95,000 a day, or about $35,000,000 a year.
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Foreign News Details
Primary Location
Greater London
Event Date
Jan. 13
Outcome
increased annual expenditure of $500,000,000 due to price rises; $250,000,000 on principal foodstuffs; $35,000,000 on bread alone.
Event Details
Rise in prices costing Greater London inhabitants $500,000,000 a year, per statistician's calculation based on pre-war consumption of food, fuel, clothing, tobacco, drink, etc. Seven million people consume 9,500 tons of food daily, including 6,200,000 pounds of bread, with average rise of three pence a loaf adding $95,000 daily or $35,000,000 yearly on bread.