Word: indexed
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Dates: during 1950-1959
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...twelve months the Government's Consumer Price Index, official thermometer of the U.S. cost of living, has risen steadily, in August reached a record high of 121.0 (1947-49 =100). Last week, tabulating a new index to show September costs, the Bureau of Labor Statistics predicted a mild break. Though the price of services continues higher, the price of food is tapering. Probable result: an at-long-last leveling off of consumer costs...
...wholesale food prices were up 54% in two years) that the government has had to slash its vital five year plan and bombard all capitals with supplicating cries for investment cash. Brazilians' living costs have more than trebled since 1950; Chileans' have risen twelvefold. Britain's index has shot up 43% in seven years, and France's latest 10%-20% price zoom for food and consumer goods has already wiped out any hoped-for gain from last summer's devaluation of the franc...
...tight-money policy was also reducing the pressure on prices. The Commerce Department's daily wholesale-price index of sensitive commodities slid to 85-3% of the 1947-49 average, the lowest since 1953, and wholesale food prices dropped sharply for the third straight week...
Thus, William McChesney Martin Jr., chairman of the Federal Reserve Board, last week angrily waded into a raging economic argument. The subject: creeping inflation. That inflation is creeping nobody can deny. The August cost-of-living index figures show the twelfth consecutive monthly rise (see NATIONAL AFFAIRS). The argument is between those who say that inflation of any kind is evil and those who accept a limited amount of it as the inevitable price of prosperity and an expanding economy...
...last week indicated that the creep, far from increasing to a gallop, was slowing to a stop. Sales of fixed-income bond issues are booming. The commodity market, classic escape for capital in inflationary periods, is in the doldrums. Washington officials see a chance that the September consumer price index figures will show no rise over August because of the seasonal drop in used-car and food prices. Eventually they expect that inflation will begin to creep again. To keep it from accelerating to a gallop, both sides agree on the need for wise use of credit and fiscal controls...