Word: steepest
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...speech that received a tepid reception from the National Association of Manufacturers, President Reagan called the trade bill a "kamikaze" measure that would "send our economy into the steepest nose dive since the Great Depression." But to show his concern for the trade deficit, he announced that Washington was close to an agreement with Tokyo that would open Japanese markets to more U.S. computer chips...
...Government also said that during the past three months, the consumer price index dropped at a 4.3% annual clip, the steepest decline in 37 years. Again, economists note a disturbing trend beneath the surface. Most of the CPI's dip has been the result of falling oil prices, which are now starting to rise again...
...swelling demand is pushing up prices in many places. The median price of existing homes jumped $2,600 in March, to $80,000, up 7.2% from the same month last year. The steepest increase came in the Northeast, where the median price hit $101,300, a 16.7% rise over 1985. Prices are falling in depressed regions like the oil patch. In the Houston area, the median home price dipped about 12% during the past year. One reason: home foreclosures in Houston have reached their highest level in 20 years...
...prices have taken their steepest plunge ever, energy producers from Mexico City to Moscow have felt the pinch. While some are suffering more than others, no major petroleum exporter has entirely escaped the pain. A look at the economic and political woes that cheap oil is causing once mighty producers around the world...
...last time prices fell so sharply Dwight Eisenhower was in the White House and From Here to Eternity was playing in local movie theaters. The Department of Labor reported last week that the Consumer Price Index fell by 0.4% in February, its steepest decline in more than 32 years. Main reason: a 6.8% drop in energy costs because of plummeting oil prices. Food costs also tumbled, largely as a result of overproduction by U.S. farmers. The average price of fruits and vegetables fell...