Word: indexable
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...Chicago a confused grocer listened to price complaints, blurted: "For goodness sakes, ladies, I agree with you. Why don't you stop buying the stuff? It isn't worth it." In three weeks the Government's index of wholesale food prices jumped 29.1 points...
...relation with supply & demand, the prices of some other commodities also began to slide. There was not enough time left in 1946 for a general turn in the inflationary tide. But commodities-and retail prices-had leveled off (see chart). The Commerce Department's retail price index rose 28.9 points to above 170 (1935-39 average: 100). But except for rents (and there was little popular support of the effort to take the ceilings off them), the violent adjustments in prices had apparently been made...
...cost-of-living index was still creeping up at year's end (at 153 it was 40% up from 1941). But few doubted that it too would soon start down...
...food, which had reached an alltime high in November, according to the Bureau of Labor Statistics, began slipping down. As yet, the drop was too small to bring many cheers from consumers. But it looked as if the peak in food was passed. The overall cost-of-living index had been still edging up in December. By last week, it looked as if it too might soon start down...
...small (circ. 2,200) Sonoma (Calif.) Index-Tribune had a new, big-name columnist last week, and had him all to itself. His name: General of the Army Henry H. Arnold, lately boss of the A.A.F. During the war Hap Arnold bought a ranch in Jack London's famed Valley of the Moon, and told his next-door neighbors, co-Publishers Walter and Celeste Murphy, that he'd like to write for their weekly some time. They believed it a fortnight ago when they saw his first contribution, a bucolic homily titled Back to the Farm. Excerpts...