Word: annually
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Annual model changes are not merely a tradition with U.S. automakers: for years they have been considered an important ingredient of the industry's sales success. Now, as Detroit begins to unveil its 1970 passenger cars, it is clear that this year's styling changes will be distinguished for their modesty. The proliferation of models in years past, the rising cost of retooling and added emphasis on safety have all contributed to the automakers' reluctance to tamper with last year's line...
These are the symptoms of the Continent's new outbreak of inflation. Prices in every major European country except Britain, and in most of the smaller ones, are climbing more rapidly than in 1968; in most countries the rise also exceeds the 1958-68 annual average. In its most recent assessment of the economic outlook, the Common Market commission called for "urgent" steps to bring the "unmistakable boom" under control...
Enforcing the Freeze. France confronts by far the most serious problem. Price increases have been accelerating ever since the costly wage settlements that ended the May-June general strike of 1968. Before the Aug. 8 devaluation of the franc, price increases reached an annual rate of 6.5% v. a July rate of 6% in the U.S. Devaluation will add at least another percentage point to the inflation rate this year by automatically increasing the price of imports...
Labor Pressures. Prices in Italy are on the rise again after two years of stability. Lately, the annual rate of increase has climbed to 3%, and the potential for further escalation is great. Labor contract clauses that raise wages to reflect the cost of living are being invoked once more, and 3,000,000 workers in the steel, auto and engineering industries will be seeking further large boosts this fall...
...Netherlands, introduction of the value-added tax, a complex form of sales tax that is being adopted throughout the Common Market, helped to push the annual rate of inflation to a startling 6% to 7% before the government instituted its price freeze...