Word: annually
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Dates: during 1970-1979
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Meanwhile, another shocker on prices provided further evidence that after just five months, the President's Stage II anti-inflation effort is flagging. In March wholesale prices zoomed 1%, or at a compounded, annual rate of 12.7%, the same as in February. Leading the price index was food, which jumped 1.2%, with particularly severe rises in beef and veal. So far this year, beef prices have increased at an annual rate of more than 100% and are expected to remain oppressively high for the rest of the year. The standard Administration forecast calls for inflation to moderate...
...main sticking point is the cost of living clause. The industry has offered the drivers a boost equal to 65% of the rise in the Consumer Price Index, to be paid on an annual basis. The final payment would not be made until the fourth year and would not be counted in the three-year package. The union insists on getting the increase twice a year, with the next-to-final payment falling due in the third year. That would lift the overall settlement two percentage points above what the Government is willing to accept...
...accommodate some of the 130,000 passengers carried daily by United. The machinists' pact is supposed to be exempt from the guidelines if it stays within the bounds of the contract that the machinists signed with TWA before the guidelines were announced, which provided an average 12% annual increase in wages and benefits over three years. Citing the ravages of inflation, the machinists at United have twice rejected a package similar to the one granted by TWA. The 18,600 machinists walked out March 31. Negotiations resumed briefly last week and then were called off again...
...example, COWPS will now require all companies with annual sales of more than $250 million, including those that produce prescription drugs, cement, and electric motors, to file quarterly reports on price actions, including any price changes being considered for the future. Bosworth frankly admits that there has been plenty of mismanagement of the price standards. Yet he insists: "The answer is not to abandon the program. We've lost a lot of time, but we've got to get a better flow of information...
...best hope for the guidelines is that the economy will begin to slow from its unexpectedly extended boom, and there are signs that this is happening. After inflation, real personal income has declined at an annual rate of 6.3% so far this year. Retail sales, U.S.-made-auto sales and housing starts have also slowed...