Word: indexable
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...assurance is the net effect on economic activity of the huge changes in oil prices and taxes being proposed by Ford to help solve the energy problem. The increase in energy taxes could amount to $28 billion and over an 18-month period could raise the consumer price index by as much as five percentage points over what it otherwise would have been. If the general inflation rate does not abate, that could prove an exceedingly high?and probably politically intolerable?price to pay to achieve a negotiable measure of independence from imported...
...consequent leap in the consumer price index. A Senate staffer involved in energy policy claims that Ford is submitting "an unworkable program that can't be enacted." The Administration; he feels, is "out of touch with reality on the Hill...
There have been periods recently when economic bulletins sounded like excerpts from an Ionesco notebook. Within a few days, the Wholesale Price Index drops a notch while consumer prices rise again. Unemployment hits a new high and the stock market rallies perversely. Assorted experts prescribe contradictory cures while Government officials shuffle a deck of options. How does a conscientious reporter or editor convey the meaning of it all? Not very well, in all too many cases...
Earlier, the Commerce Department disclosed that its index of leading indicators, which is designed to project future economic trends, fell 1.5% in November and 7.3% since July-the steepest five-month drop in a quarter-century. Boding ill for consumer confidence in the months ahead, a new survey by Pollster Louis Harris reported that 80% of the American people now believe the U.S. is in a recession, and 60% see it continuing through the rest of the year. To combat the worsening economic problem, President Ford at week's end signed legislation appropriating $4.5 billion for unemployment...
...Shah's Index is the Shah of Iran's proposal to link oil prices to those of 20 or 30 commodities-a system he believes would protect the buying power of Iran's oil income and encourage Western users to "check their inflation...