PERCENTAGE INCREASE IN PRICES AS COMPARED WITH
1911-13.

1920
1921
1922
1923
1924
1925

oy

(ear.

Live stock
and live stock
products.

192
128
76
66
63
GA

Cereals
and
farm crops.

Fruit
and
vegetables.

247
176
90
03
75
19

It will be seen that cereals and farm crops have suffered
much more severely from the fall in prices than live stock, and
that fruit and vegetables have done better than either.
The average level of prices of feeding stuffs and fertilisers
for the years 1923 to 1925 remained below the level of agricultural
produce—a factor which was to the farmers’ advantage in comparison
 with conditions prevailing before the war. Wages
remained practically unchanged between October 1922 and
December 1924, but there was a general increase in March 1925.