Word: upwards
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Spottily but ominously, prices had started upward...
Denver's angry man was hard to dispute. Last week such staples as bread, milk and coffee inched upward. In three days, producers jacked up the prices of 44 popular items sold by Massachusetts grocers...
...Reynolds Co. raised the price of its cigarettes-Camels will cost an extra cent a pack-and other major tobacco companies followed. Some textile prices had risen as much as 22%.* Emerson and Du Mont announced higher prices for their television sets. Rubber climbed upward and tire manufacturers increased their prices 5% to 12½%. Gasoline was up 2? a gallon...
Like ripples from a pebble dropped in water, the war's effects last week spread in ever widening circles through the U.S. economy, stirring a mild backwash of inflation. All over the U.S. prices were shooting upward. Last week alone, tires went up as much as 12½%, tin rose 15? a Ib. to 97? in New York, cotton futures soared $10 a bale in one day. Overall wholesale prices bounced higher; the Bureau of Labor Statistics reported a week's rise of 1.8% in its wholesale price index...
...same blue-chip stocks which had led the market's upward climb were hard hit. Chrysler fell 7 points to 73, General Motors was down 6⅜ to 90⅛, and A.T. & T. down 5⅞ to 153. Television stocks, a favorite of speculators, also skidded...