Prediction Made by OPA
WASHINGTON, D.C,—The cost of living will decrease to the level of last year, predicts Chester Bowles. Bowles, general manager of the Office of Price Administration (OPA), yesterday said that “…before many weeks have passed…” the hold-the-line level of September 15, 1942 set by the Roosevelt administration is where the current cost of living will be. President Roosevelt issued the hold-the-line decree last April. Bowles stated that since the decree, the OPA has been winning the fight against the “…menace of higher living costs.” The sentiment was echoed last night by James F. Byrnes, director of the Office of War Mobilization (OWM), when he said the government has definite plans to reduce the cost of living, but he provided no details.