"That's very good," beamed Presidential Economic Assistant Raymond J. Saulnier. "That's a very pleasant combination." The combination that pleased Saulnier was one that took some of the edge off inflation worriers: the first drop in the cost of living in two years, and an auto settlement (see below). What dropped the Consumer Price Index .2 to 123.7 was tne usual late summer decline in food prices as fruits and vegetables came to market in quantity. As food prices continue to drop, the index may edge still lower this month, though higher prices for...
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