Word: index
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Dates: during 1980-1989
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...recovery. On Thursday, the Dow Jones industrial average closed above 1100 for the first time in history. The week's crop of favorable economic news included a prime-rate cut from 11% to 10½% at several big banks, and a Labor Department report that the Consumer Price Index had risen at an annual rate of just 2.1% in January...
...expected to climb 87%, to $142 billion, a rate twice that of all other federal spending. The chief causes of this upward spiral are longer life expectancies for Americans and medical-care costs that are rising 11% a year, nearly three times the rate of the Consumer Price Index...
...convince the nation that the economy, as he said twice in his address, "is on the mend." He carried that theme to Boston, and he will take it this week to Missouri and Maryland. He has reason to be hope ful. Last week it was announced that the index of leading economic indicators rose 1.5% in December, the largest gain in two years. The index, which forecasts trends in the economy, reflected the rise in orders for new equipment and the number of building permits issued...
However, for the first time in eight years, the increase is significantly higher than the previous year's inflation rate Last year's Consumer Price Index rose by 3 9 percent...
That was an overstatement. There was only one unqualifiedly good piece of economic news last week-though, to be sure, it was all important. The Consumer Price Index actually went down in December by .3%, only its second monthly decline in more than 17 years (the other also occurred under Reagan, last March). For all of 1982, prices rose a mere 3.9%, the smallest increase since 1972, when wage and price controls were in effect. Since Reagan took office the rate of inflation has been reduced by more than two-thirds, an achievement the President will crow about, with justification...