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...high of $12.90 reached during a shortage in 1973. As a result, the Department of Agriculture now estimates that food prices will rise between 3% and 5% this year, but those estimates may prove optimistic. John McMillin, an analyst for the investment firm Prudential-Bache, foresees a possible double-digit increase in food prices during...

Author: /time Magazine | Title: The Drought's Food-Chain Reaction | 7/11/1988 | See Source »

...face as he tries to cope with economic stagnation. During his first week as party General Secretary, Grosz vigorously repeated his support for the market-directed policies he insists are necessary to revive the Hungarian economy, which is weighted down by an $18 billion gross foreign debt and double-digit inflation. But Grosz warned Hungarians not to expect too much too soon. "Many think reform will change everything," he told a Budapest daily. "It is only work that will change our situation...

Author: /time Magazine | Title: Hungary The New Reality | 6/6/1988 | See Source »

...poverty among the elderly through two programs that helped rich and poor alike. Congress created Medicare insurance in 1965. In 1972 it voted a 20% increase in Social Security benefits and linked them to the Consumer Price Index in an attempt to safeguard retirees from the double- digit inflation that was devastating young families. In 1980 alone, payments increased a record 14.3%. Now each month 91% of those 65 and over receive benefits totaling $13.6 billion. The percentage of elderly people living below the poverty line has been cut from...

Author: /time Magazine | Title: Living: Grays on The Go | 2/22/1988 | See Source »

...comes on the heels of a survey showing Dole with a double-digit lead over Bush in a poll published by the Des Moines Register, while indicating Missouri Rep. Richard Gephardt led Illinois Sen. Paul Simon and Dukakis among the Democrats...

Author: NO WRITER ATTRIBUTED | Title: Bush, Dole Adhere To Unsteady Truce | 2/8/1988 | See Source »

These increases have stunned benefits managers, who believed health costs were finally starting to moderate. After all, medical care inflation, which was running at double-digit levels in the early 1980s, was just 5.8% last year. That was not much more than the 4.4% rise in the Consumer Price Index...

Author: /time Magazine | Title: Critical Condition | 2/1/1988 | See Source »

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