Inflation Drops to 7.5 Percent
Total Page:16
File Type:pdf, Size:1020Kb
34 - THE HERALD. Wed,, April 22, 1981 Inflation drops to 7.5 percent WASHINGTON (UPI) - A The Labor Department, using un means goods costing consumers $100 nual rate, a sign of moderating price leveling off of gasoline and oil prices of $337 will climb in July to about ly adjusted. published seasonally adjusted index in 1967 now cost $^.10. pressure throughout the economy. $374.00. ’The 11.2 percent raise in With today’s announcement helped bring down the annual rate of figures, calculated the annual rate ’The Labor Department said gas In February energy prices inflation to 7.5 percent in March, the payments is less than the 14.3 per having a major bearing on Social of consumer price Inflation at 7.5 oline prices took a big jump in skyrocketed because of decontrol, cent raise made last year at this Security benefits. Treasury lowest level since last summer, the percent. That is the lowest since Ju March, but by much less than in accounting for 54.3 percent of the government reported today. time, but more than 1979’s increase Secretary Donald Regan said ly, when plummeting mortgage in January or February, as the effects entire CPI Increase. of 9.9 percent. Wednesday he opposes “the whole The-latest reading of the Con terest rates brought overall price in of President Reagan’s early decon Both transportation and housing sumer Price Index means Social The maximum Social Security theory of indexing” — tying wages flation down to a 1 percent annual trol of domestic oil prices began to indexes reflected the good news of benefit for a single worker retiring and government benefits to inflation Security payments will climb by 11.2 level, after revision. February’s an fade. ’The decline promised even energy price moderation index in percent starting in July for 36 this year is $677 a month. That pay through cost-of-livihg increases. nualized inflation rate was 12.1 per more dramatic improvement for the March, showing their smallest in ment now goes up to $752.90 begin million recipients. cent. next month, April, when energy in creases in seven months. “If we indexed everything who Slower gasoline and oil price rises ning in July. The unadjusted figure — the peg flation is expected to be much less Food and beverage prices, which The March rise in consumer would care about inflation?" he helped offset rising food and not only for Social SMurity payment pronounced. grew by 0.3 in February, asked clothing prices to produce a 0.6 per prices compares with a 1 percent Increases but also for many private Had gasoline and oil prices stayed accelerate slightly in March, up 0.4 rise in February, 0.7 percent in cent hike in the index for the month, contract cost of living adjustments flat in March, price increases for all percent. “To the extent we can eliminate seasonally adjusted. In February, it January, 1.1 percent in December indexing we will,” Regan promised — showed the Consumer Price Index other consumer goods would have The increase in Social Security and 1 percent for each of the went up 1 percent. for March reaching 265.1. That gone up only 4.9 percent, at an an payments means the average check in remarks to about 50 construction M erit previous three months, all seasonal industrv lobbyists. Revamp of iHaudirati.'I 2 ■ Vi*,, Crossroads S i K ' Manchester, Conn. supported Thursday April 23, 1981 25 Cents 3 MANCHESTER - A town counseling and substance abuse in Department of Human Services’ formation center faces a $2,500 evaluation released today supports budget deficit for the remainder of Constant pain the Crossroads counseling and drug the present fiscal year. The human information center and the re service department’s decision to organization of the Drug Advisory keep fiscal 1981 appropriations for Council, the non-profit organization the center in its budget wasn’t which established Crossroads. assured until the evaluation was haunts Reagan ’The DAC about two weeks ago completed. moved to disassociate itself from Mrs. Marcus’ apparent decision to direct control over Crossroads, and support the expenditure takes some WASHINGTON (UPI) - Presi first few months (in office) and so the human services department of the bite from her earlier dent Reagan, in constant "pain or forth,” he said. "I see some of the agreed. As a result. Crossroads is statements calling Crossroad’s discomfort" from his chest wound, milling in crowds and so forth that expected to seek revised status as a future “tentative.” Still, the town says he wonders why the attempt on we’ve done and I find myself self-incorporated agency. his life didn’t happen “27 times wondering. Well, why didn't this Board of Directors must make nuts before.” Mrs. Hanna Marcus, human ser and bolts decisions on what is con happen 27 times before. ” vices director, today reminded a sidered an extremely tight 1981 Reagan said would-be assassins The interview was held in the formal needs assessment hasn’t had many opportunities to shoot him White House map room. Reporters budget, and its decision on the down since he took office three been undertaken, but said, “At the Crossroads’ appropriation will Helen Thomas of UPI and James present time there is no feasible months ago. but he plans no ad Gerstenzang of the AP agreed to decide the agency’s future. ditional security because of the alternative for the agency In the evaluation, the human ser limit the questions to Reagan's (Crossroads).’’ March 30 shooting. health and his recollections of the vices department found the agency shooting. ’The report supporting Crossroads initiated a more structured program “1 have a hunch I'll be more will be forwarded to the Board of Reagan vividly recalled the from that which eariier had come alert” in the future, Reagan said in attempted assassination. The shots Directors, as they consider a under fire. In explaining the im an interview Wednesday with proposal to allocate $50,031 in the The pain. Initially not realizing he provement, the report singled out United Press International and The was hit. Then seeing his own blood next fiscal for its operation. ’The the agency’s director Elizabeth Associated Press — his first since town funds 90 percent of the center’s Asked if he ever felt in mortal Peterson. being hit by a .22-caliber slug 25 danger, Reagan said: operations. "The present director was days ago. Despite the funding, the "No, as a matter of fact it still working alone during July of 1980. "The 70-year-old president, seems kind of unreal I knew there All staff positions were not filled un wearing a gray light wool suit, had to be shots and my first instinct til October. ’The assessment of ac walked a bit stiffly. But he was in was to take a look behind and see tivities were reviewed from the good spirits, had rosy cheeks and what was going on and the Secret standpoint of observation of a punctuated many of his comments Service man behind me had a developing program,” the report with humor. different idea, and the next thing 1 said. Generally, he said, “I'm feeling knew I found myself pushed into the Witness At the same time, the evaluation fine." car. found the DAC deficient in gover Late in the interview, he said: "I knew I had been hit but I ning Crossroads. Citing the DAC for “There is just that kind of pain or thought it was from the Secret Se. tells of not controlling policy changes, it discomfort there constantly that you vice man landing on me in the car. I concluded that its members were hope day by day is getting less, and must say it was the most paralyzing not well-informed on the activities that I think is getting less and less. pain. I’ve described it as if someone of the agency. “But ... other than that. I've hit you with a hammer. Five years ago, M ER IT started a whole racism “The DAC is presently attempting resumed at a little slower pace my "But that sensation came after I to re-establish its own purpose and it regimen of exercise I've always was in the car ... and I thought the is doubtful that they have been in a HARTFORD - Mildred Torres, done for keeping fit and I don't think pain would go away. Suddenly I new era in low tar sm ddng by delivering position to exercise the control I’m going to hurdle any tables in the found I was coughing up blood. We an activist in Hartford’s Hispanic needed for the direction of the community and a former Hartford room here for awhile." both decided maybe I had broken a Crossroads program,” said the Reagan said he isn't plagued with rib, and had punctured a lung so we City Council member, testified in evaluation. It also reported DAC taste way out (fproport ion to tar federal court this morning that nightmares about the shooting, but had to go to the hospital ' members were unfamiliar with its President Reagan describes in an interview Wednesday the has thought about it often, par Reagan said his main concern on Manchester has a “Racist” reputa own by-laws. tion. attempt on his life. Reagan said “I knew i had been hurt... but i ticularly in the context of his brief the way to the hospital was he felt Now the M ERITera surges ahead While not solidly establishing the term in office.