OCR Text |
Show Cost of Living Declines. Last June living costs were P.5 per cent lower than in December, and 9.8 per cent below June of the previous year. Food prices droppd nearly 14 per cent in the half year that ended in June, aid smaller decreases occurred in the cost of rent, house furnishings, fuel, light and other items. From the peak of prices in June, 1920, to June, 1931, the cost of living went down 30.6 per cent. Thus, if the wage earner today is earning the same salary he received re-ceived in 1920, his income is almost al-most one-third greater. |