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Focuses on how inflation has affected libraries. Discussion of the policy of the U.S. Federal Reserve Board to pursue an anti-inflationary policy by increasing interest rates to slow economic growth and take pressure off prices; Economic data which indicate that the threat of high inflation has passed; Outlook for prices to increase at a more rapid pace; Prices of books and periodicals, which have increased faster than prices of all consumer goods due to high paper costs; Idea that the growing demand for books has also caused publishers to increase their prices; View that higher prices are unfortunate because many public libraries are faced with budget problems.