Word: pinioning
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Dates: during 1980-1989
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...inspector general examined price increases from 1980 through 1982 for nearly 15,000 aircraft engine parts and discovered about 65% of the prices had risen by more than 50%; 4,000 items had ballooned by more than 500% and some by more than 1,000%. A gear-and-pinion assembly supplied by Bendix Corp. jumped from $31.59 to $546, a rise of 1,628%. A spare part from Britain's Rolls-Royce was marked up from $3.70 to $54.75, an increase of 1,380%. Inflation over this period...