The Rise in Prices And the Cost of Living An Enquiry Into Its Extent And Cause

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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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