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May Living Costs Hold and June Gain Seen
May consumer costs stayed flat at the April peak 105.2 percent of the 1957-59 base, with lower food and gasoline prices offsetting higher housing and medical costs. Jon Myers of the Labor Department called the May reading a welcome respite, while a June uptick is expected. Factory after-tax earnings rose to record levels and hours and wages increased, with a family of four earning $46.05 weekly after taxes in May.
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