Kankakee Valley Post, Volume 18, Number 6, DeMotte, Jasper County, 2 January 1948 — WHOLESALE PRICES CONTINUE UPWARD [ARTICLE]

WHOLESALE PRICES CONTINUE UPWARD

Washington, Dec. 30 Wholesale prices continued their steady climb during the week ending Dec. 20, shattering postwar reI cords and edging closer to the alltime high of May, 1920, the bureau of labor statistics reported today. However food prices declined slightly in the same period; especially for meats, eggs,, fats and oils. This was offset' somewhat, the bureau said, by higher figures for fiesh fruits and vegetables. 4-Prices of foods were 0.3 percent lower than a month earlier, hut still percent above a year ago. , The wholesale price index covering about 900 commodities rose seven-tenths of one percent of the record level of May, 1920. The bureau pointed out that increases in non-agricultural commodities more than offset the decline for the food group The wholesale price index for the week was 102.5 percent of the 1926 average.