Business Notes: Nov. 4, 1985

INFLATION The Little Payoff

It was good news that no one could dismiss as a lucky fluke. The Department of Labor last week announced that consumer prices rose a mere .2% in September, the same rate as for the past four months. Largely because of declining food and energy prices, inflation is now running at an annual pace of just 2.3%, its lowest level since 1965.

Still, that is a mixed blessing for the 37 million people who receive Social Security benefits. While they certainly profit as much as other consumers from low inflation, their federal income supplements, which since 1975...

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