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localId
7346083
label
Wholesale Price Index in September increased .9% [Notice to Press]
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doc
dtoType
document
citationUrl
pageCount
1
Source metadata
id
7346083
sourceUrl
contentType
document
title
Wholesale Price Index in September increased .9% [Notice to Press]
citationUrl
collections
White House Press Releases (Ford Administration)
Press Releases
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1
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yes
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naId
7346083
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item
productionDates
day
7
logicalDate
1976-10-07
month
10
year
1976
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description
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nara-archive
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1
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0
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document
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689835b190251cb3
ocrText
Digitized from Box 32 of the White House Press Releases at the Gerald R. Ford Presidential Library
October 7, 1976
Office of the White House Press Secretary
(Los Angeles, California)
NOTICE TO THE PRESS
The Wholesale Price Index in September increased. 9%. This was
somewhat higher than expected, due largely to a greater than expected
increase in industrial prices.
The recent softening in crude material prices suggests that the abnormal
rise in industrial prices in the past several months has been a temporary
bulge.
The Wholesale Price Index has gone up less than 4% in the past year,
a considerable improvement over previous years.
Nevertheless, the President continues to believe that the United States
must be vigilant against a resurgence of inflation and his economic
policies are designed to achieve this goal.
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