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Inflation Set To Pause Then Resume In 1959 Forecasts
Washington officials and Treasury economists expect a pause in price gains by year end with inflation resuming in 1959 if needed. The consumer price index peaked in July 1958 and, after a small drop in August, is forecast to hold near current levels for six months as goods costs stabilize while services continue rising and food becomes cheaper.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Washington
Secretary of the Treasury
Republican
Anderson
Congress
Eisenhower