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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 19, 1983
Page
4
AP analysis questions whether disinflation came from deliberate policy or chance. Data show energy price declines and home ownership costs contributed majorly to the 7.7 point CPI drop, with OPEC and interest-rate shifts also influential. The uneven benefits raise doubts about CPI as a universal price measure.
Washington AP FTC investigates auto loan advertisements claiming no interest or unusually low rates. About 70 dealers received letters urging voluntary correction. If violations persist the agency can sue for penalties up to 26,000 per day per violation. FTC and BBB informed, guidance given on oral credit terms.
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