Inflation climbs to 12.7 percent in September report
UPI reports the Labor Department records a 12.7 percent annual inflation rate for September, with the CPI up 1.0 percent from August. Food costs rise 1.6 percent and housing 0.7 percent while real spending and after tax incomes fall, signaling continued economic strain ahead of the election.
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UPI
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Ronald Reagan
Carter
Jimmy Carter
Reagan
Lyn Nofziger
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David Callahan
Fates Decide All-Iowa Fair Status and Local News
A summary of page 5C and page 8A items: the All-Iowa Fair decision issued, Marion Police seek a 15 percent wage hike, and coverage of sports with Iowa State hosting Oklahoma and the Hawkeyes traveling to Minnesota. Additional notes include school aid checks delayed, a $4,600 university fine, ERA ballot questions, and other campus and legal topics.
Iraq claims Khurramshahr captured in Persian Gulf war
Iraq said tanks and troops seized the port of Khurramshahr and overran the city in its latest victory. It also claimed control of the bridge to Abadan while Iran denied the breakthrough.
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Politicians Clash Over New CPI Inflation Figures
The CPI shows a 12.7 percent annual rise as White House and Reagan aides trade accusations. Powell defends policy, while Ed Gray accuses Carter of altering data and Nofziger cites Carter's economic see-saw. Schultze notes single-month limits but confirms inflation remains a top problem. Page 2A.
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Reagan
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Ohio
Charles Schultze
President’s Council of Economic Advisers
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