Inflation Trends and Income in 1968 69 Report
The June quarter shows wholesale price gains near 5 percent annually with a 1969 first half rise at 6.3 percent. Consumer prices rose 4.7 percent in 1968, and 6.4 percent in the first half of this year. Wages rose over 7 percent annualized, while real take home pay stayed near 1965 levels. Interest rates hit 101 year highs with bonds and mortgages rising, yet credit demand remains strong amid housing and construction slumps. State of Mind inflation reflects public expectations and self-protection behavior as price rises persist.