Word: indexing
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Dates: during 1960-1969
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...industrial production fell in October for the third straight month (see chart). Housing starts fell 12% last month to the lowest level in two years, and new orders for durable goods, which had risen sharply in September, settled back again. The price picture is less clear. The consumer price index rose at an annual rate of 4.8% in October, compared with a 6% rate in September, but a one-month variation of that size is not enough to signal any turn. Economists find it at best a mildly encouraging sign that the rate of price increases is leveling off. Four...
...working poor, Hollister and Palmer found that welfare benefits have generally risen faster than prices. The average monthly check in the program to aid families with dependent children rose 18% during the two years that ended last June. Meanwhile, the consumer price index went...
...Poor Price Index. Actually, price increases are less painful for the poor than for the middle class and wealthy, the two analysts maintain. They have rejiggered the figures in the Government's consumer price index, which is largely based on middle-class spending patterns, to construct a "poor price index"; it gives more weight to increases in food and rent expenses, less importance to rises in clothing, transportation, medical and education costs. Between 1965 and 1967, the last year for which they calculated the poor price index, it rose 5.1%, compared with a 5.8% increase...
...scholarships. Most of that increase must come from unrestricted funds. If one care to appraise the Faculty's ability to take on new commitments immediately as the need arises, then the trend in unrestricted surpluses and deficits is probably a more accurate indicator-although any one single gross index cannot represent full appraisal. Here is the six-year summary of unrestricted surpluses and deficits...
...real scary area now, given the attitude in Congress and the pressures of the unions. Let us take another simple thing like fair trade. If we could repeal the fair-trade laws that allow some manufacturers to fix retail prices, that action alone could reduce the consumer price index by an estimated three-tenths of 1%. Then there are oil imports and the whole range of policies regarding agriculture, which have important price implications...