Word: indexes
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Dates: during 1970-1979
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...coast, the summer sun is ripening record harvests of wheat, corn, oranges, apples, but, as any American housewife knows only too well, the price for those harvests is inexorably climbing. Overall, the price of food rose 1.2% during July, the government announced last week, pushing the Wholesale Price Index up at a stunning rate (see ECONOMY & BUSINESS). Beans, lettuce and other fresh vegetables were up 12% in some areas, while the overall increase in farm products, including hogs and poultry, was 6.6%. The reasons for these increases were intricate, but many Americans focused their anxiety and anger...
...worries the nation cannot shake is that the quickening economic recovery will be accompanied by-or perhaps cause-a rekindling of inflation. Last week that fear became considerably more chilling. The Labor Department reported that the Wholesale Price Index jumped at a startling compound annual rate of 15.4% in July, paced by higher farm and processed-food prices. Although the index bounces around erratically from month to month (it declined a shade in June), there is no reason to think that August figures will be much better. The latest report covers only part of the surge in grain prices that...
Since October 1972, military active-duty pay increases have totaled 12%, while monthly retirement benefits have swelled 33% - thanks to a regulation that ties pensions but not regular pay to increases in the consumer price index...
Last week the Commerce Department reported the surest sign yet that a recovery is taking hold. The economy's index of leading indicators, which had fallen for eleven straight months until March, rose in May for the third consecutive month. This was the first three-month rise since 1972 in those indicators, which usually move ahead of the overall economy and fore tell its future course. Among the sensitive leaders that were up in May were new orders for consumer goods, contracts for plant and equipment, building permits, the size of the money supply and common stock prices...
...battle against inflation also continues to progress well. Despite markedly higher meat and gasoline costs, the consumer price index showed only a slight .4% increase in May, holding the annual inflation rate to a manageable 4.8%. The combination of higher personal income and a moderate rate of inflation means that real consumer purchasing power is rising. That is likely to lead to an increase in consumer buying, which will be the major factor in lifting the economy in the months ahead...