The Rise in Prices And the Cost of Living An Enquiry Into Its Extent And Cause
The Rise in Prices And the Cost of Living An Enquiry Into Its Extent And Cause
W J William James Ashley
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This is clearly brought out in the following table, in which I have placed side by side two sets of index numbers calculated from quite different material by the Board of Trade : TABLE VII. VARIATIONS IN THE PRICE OF BACON. PRICES OF 1900 = 100. Wholesale Price Retail Price Imported Bacon. In London. 1895 93. 5 92. 9 1896 82. 7 78. 1 1897 84. 9 100. 0 1898 86. 6 103. 3 1899 85. 8 91. 8 1900100. 0 100. 0 1901112. 8 113. 3 1902126. 4 111. 8 1903126. 4 104. 4 1904112. 8 108. 9 1905-111. 3 110. 8 1...906126. 6 121. 1 1907132. 5 120. 1 1908122. 0 113. 312 And here again the explanation is to be sought in the same direction at any rate to a large extent. Before the sudden drop in our American and Canadian imports in 1909 there had for some time been a considerably smaller overseas supply than in earlier years. According to the estimates of the Board of Agriculture, the weight of imported pig meat, which in the period 1898- 1902 averaged some 8^ million cwts. , fell in 1902-3 to 7 millions, and in succeeding years down to 1908 varied only between 7 and 7 millions.
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