Indicator of the Week

October 1973
Time;10/15/1973, Vol. 102 Issue 16, p96
The article reports on the decrease by 1.5 percent of Wholesale Price Index for September 1973 in the U.S. It mentions that the costs for live poultry and eggs, vegetable and livestock have dropped. Herbert Stein, chairman of the Council of Economic Advisers, forecasted that in the next six months there will be an increase in the retail food prices. For economists, the better indicator for inflationary trend is the industrial prices and not the farm prices.


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