Word: indexed
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Dates: during 1950-1959
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...time not long past when Sarit closed nightclubs in another way- as the last customer. He has concentrated on a new constitution with Gaullist overtones, a new law to encourage foreign investment, and on measures to bring down the cost of living (in one month alone the index fell 12.7 points). Fortnight ago he banned all imports from Communist China. Few Thailanders seem disturbed by Sarit's end of the parliamentary regime. "Hell," said one Thai recently, "we are saving $750,000 a year in salaries alone. We used to pay members of Parliament that to steal us blind...
...cars, gasoline, fresh fruits, pork, eggs, movie admissions, women's clothing. Net result, as reported last week by the Federal Bureau of Labor Statistics: after creeping up to the alltime peak last November, consumer prices slipped downward a little in December to pare the BLS consumer price index two-tenths of a point, to 123.7 (the 1947-49 average: 100). Price forecast for 1959, as most economists see it: renewed upcreep...
...history of the U.S. economy supports this view. Through times of tremendous growth and prosperity the U.S. economy has always had "normal'' inflation -and the alternative has too often been depression. The best long-range measure of inflation is the wholesale price index, which has been recorded conscientiously by the Government since 1890 and projected back as far as 1749. The index shows that prices have generally risen in times of prosperity or of war, fallen in times of depression. During the severe depression of the early 1890s U.S. prices hit their lowest level in history...
Harsh Proposition. De Gaulle, and his conservative Finance Minister Antoine Pinay (a small-town tanner before entering politics) added two other anti-inflationary controls. To keep wages in line, they abolished the old system of pegging salaries to the cost-of-living index-though to compensate France's poor for increased food costs they decreed a 5.5% raise in the minimum wage. And by the removal of import quotas on a wide list of products. France's manufacturers would be exposed to so much foreign competition that it would be difficult for them to raise prices. Had these...
Though the cost-of-living index for November rose slightly with the price rises of new cars, Government economists expect lower pork, fruit and vegetable prices to hold the index down until spring. Prices went down at Montgomery Ward; the giant mail-order house cut 16,042 items by an average of 10%. pegged some items lower than they have been at any time since...