Portent

One more danger signal of inflation appeared last week when the Bureau of Labor Statistics announced that in the week ending Dec. 26, its price index rose from 100.7 to 101.2 or 1/2 of 1%. Apparently small, this is nevertheless the biggest jump in any single week since General Max (General Maximum Price Order) went into effect in May 1942, and represents 20% of the total advance in prices from May to late December. Prices for most industrial commodities remained stable. Big offenders: foods with meat advancing 2% during the week. Not business but the farmer was calling the turn.

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