Publisher's Synopsis
Excerpt from Board of Inquiry Into Cost of Living in Canada, Vol. 2: Report of the Board
Thus the first obvious factor in Cost of Living is Price - the rate at which subsistence may be purchased. But clearly Price is not the only factor. If the amount of money coming into possession of the individual is adjusted simul taneously with any change through price in the amount going out, then there has been no real change in conditions - no change at any rate constituting a problem on the score of alteration in 'rea Cost of Living.§ The problem arises where correspondence of this kind is lacking - where the one has lagged behind the other or taken a contrary direction.
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