Changes in the Cost of Living

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Excerpt from Changes in the Cost of Living: July, 1914 July, 1920, Research Report Number 30, September, 1920This is the seventh report in the series of studies of changes in the cost of living among wage-earners in the United States, issued by the National Industrial Conference Board.l In the present report are described in detail changes in the cost of living Which occurred between July, 1914, and July, 1920, and also between March, 1920, and July, 1920. These changes are Shown graphically in the chart on the opposite page.From this chart it appears that between July, 1914, and July, 1920, the cost of living among wage-earners in the United States rose The increase between March, 1920, and July, 1920, was and between July, 1919, and July, 1920, nearly The most noteworthy features of retail price changes in the United States Within the four-months' period March, 1920, to July, 1920, were the drop in clothing prices and the marked rise in the cost of food and of coal.Information on which was based the Board's estimate Of changes in the cost of living to July, 1920, was secured, as in the case of other reports in this series, from a large number of representative dry goods, clothing and coal dealers, and from real estate brokers and Others in close touch with the housing situation in cities in all sections of the United States. Changes in carfares in these same cities were likewise reported, and actual costs and estimates were secured regarding insurance, recreation, tobacco, and the other items which go to make up the sundries group. For food price changes, the retail food price index numbers of the United States Bureau of Labor Statistics were used.When the change in the average cost of each of the five major items in the family budget had been ascertained, each of these items was weighted according to its importance in the average wage-earner's family budget in 1914. The combined increase thus Obtained shows the rise in the cost of living since July, 1914. While it is recognized that standards of living had in many instances 12national Industrial Conference Board. Research Reports Nos. 9, 14, 17, 19.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.