Food Spurs .4% Rise In Wholesale Prices: Higher Farm Prices Spur Wholesale Rise
Like the 1.5 per cent i i- , crease in April, most of tie^ jump was due to rising farm prices. But industrial price ;, which rose 0.1 per cent in March and April, rose 0,2 per cent in May.</br></br>Experts agrefe that, d espite the two months of ri ing wholesale prices, there : s 2 little evidence to suggest that the nation is back on the inflation track. Some suggest, however, that ii i-1 dustrial prices are not fal -ing as much as they shoull during a period of substa i-tially lower demand.</br></br>Sen. Hubert H. Humphre / fD-Minn.), chairman of ths Joint Economic Committei , said the May inflation li !ÐÊ 1 ures confirm that th e ' ÛÏcountry is well on its way to controlling inflation. We should now get busy ending the worst recession since World War II.Û</br></br>Humphrey cited the ÛÏgeneral stabilityÛ in industrial pricesÛÓwhich last summer and fall were rising more than 1 per cent per month and which rose nearly 3 per cent in some months.</br></br>But liberal economist Ar-thur Okun said he and a growing number of other economists are disappointed that there have not been more price decreases in the industrial sector, ÛÏgiven how depressed demand is.Û There even have been some minor price increases, Okun noted.