Page 14-Saturday, August 16, 196The Michigan Doaily
Food prices skyrocket;
reverse inflation decline
(ContinuedfromPage1) flation in food prices is likely. Food
said the figures are evidence that un- prices at the crude unprocessed stage
derlying conditions in the economy are - wheat, for example - skyrocketed
improving, although he forecasts at, by nine per cent in July. When that
least another three or four months of wheat is milled into flour and later tur-
sluggishness. "But the bulk of the ned into bread, higher food prices are
decline is over," he added, likely.
Another economist, Allen Sinai of The Producer Price Index is watched
Data Resources, Inc., viewed yester- closely by the government because in-
day's inflation report as only a tem- creases at that level can be expected to
porary spurt, due mainly to weather- translate eventually into higher con-
induced increases in food prices. sumer prices. The Consumer Price In-
"The overall backdrop for inflation, dex has slowed from the 18,1 per cent
because consumer demand is down so pace of the first quarter of 1980 to 14.8
much due to the recession, is per cent for the first half of the year.
favorable," Sinaisaid. Prior to July, the Producer Price In-
BUT ONE element of the Producer dex clearly showed declining inflation.
Price Index indicated still more in-
(Continued from Page)
FRIDAY, AUGUST 22
AAFC-Leopard Man, 7 p.m., Night of the Living Dead, 8:40 p.m., Beyond
the Valley of the Dolls, 10:20 p.m., Nat. Science Aud.
Ann Arbor Public Library-Holiday, 7:30 p.m., Main Library Meeting
Room, Fifth Ave. and William St.
Cinema Guild-Of Human Bondage, 7:30,9:30 p.m., Old Arch. Aud.
Cinema Guild-Giant, 7:30 p.m., Angell Aud. A.
SATURDAY, AUGUST 23
AAFC-Bananas, 7, 10:20 p.m., Morgan! 8:40 p.m., Nat. Science Aud.
Ann Arbor Public Library-Holiday, 2:30 p.m., Main Library Meeting
Room, Fifth Ave. and William St.
Cinema Guild-Seven Beauties, 7:30, 9:30 p.m., Old Arch. Aud.
Cinema II-Casablanca, 7:30, 9:30 p.m., Angell Aud. A.
SUNDAY, AUGUST 24
Cinema Guild-State of the Union, 7:30, 9:30 p.m., Old Arch. Aud.
Michigan Community Theatre Foundation-Jezebel, 2, 4, 6, 8 p.m.
Summer Commencement Exercises, 2 p.m., Hill Aud.
Commencement Reception-3:15 p.m., League Ballroom.
Downtown Business Development Association-Rockin' Roller Disco, 2:30
p.m., S. Main between Liberty and William.
MONDAY, AUGUST 25
Michigan Community Theatre Foundation- Jezebel, 5:30, 7:45 p.m.,
MI Journal of Economics-meeting, 4p.m., 301 Econ. Building.
Christian Science Organization-meeting, 7:15, 3909 Union.
Lesbian/GayMale Health Professionals Group-V.D. clinic, 7-10 p.m.,
University Health Service Emergency Room.
TUESDAY, AUGUST 26
Biological Research Review Committee-meeting, 4 p.m., 3087 SPH L
PIRGIM Energy Task Force-meeting, 7 p.m., Union.
WEDNESDAY, AUGUST 27
University Club-Reception for Barbara Murphy, Program Associate for
the Affirmative Action Office, 3:30 p.m., Terrace Room.
AnnyArbor ECK center-introductory discussion, 7:30 p.m., 302 East
University Residence Hall Council-meeting, 9 p.m., 3909 Union.
LSA Student Government-meeting, 6:15 p.m., 3909 Union.
Commission for Women-meeting, 12p.m., 2549 LSA.
THURSDAY, AUGUST 28
Ann Arbor ECK center-class, "The Borders of Heaven", 7:30 p.,., 302
Campus Weight Watchers-meeting 5:30 p.m., Project Room, League.
Alcoholics Anonymous-meeting, 8:30 p.m., N2815'U' Hospital.
FRIDAY, AUGUST 29
The Venue-Children's Performance Workshop, 10a.m., Pendleton Room,
Arbecoll Theatrics Dinner Theater-"Pal Joey", 7 p.m., Michigan League
SATURDAY, AUGUST 30
Arbecoll Theatrics Dinner Theater-"Pal Joey," 7 p.m., Michigan League
SUNDAY, AUGUST 31
Michigan Community Theatre Foundation-The Russians Are Comig,
The Russians Are Coming, 4:15,6:30,8:45 p.m., Michigan Theatre.
You can save a lot of
gasoline - and a lot of
money-if you use the phone
before you use your car.
By calling ahead, you
can be sure the restaurant
is open . . . the store has
what you want . . . or the
friend you want to visit is
home - before you waste
time, gas and money on an
unnecessary trip. On the
average, you waste about
a dollar's worth of gas on
every unnecessary trip--
and just two wasted trips
a week can cost you more
than $100 worth of gas
Saving energy 's easier
than you think, and with the
rising energy costs we're
facing today, it's never
been more important. So
the next time you pick up
your car keys and head for
the door, ask yourself
whether a phone call could
save you the trip-and
the wasted gas.
For a free booklet with
more easy energy-saving
tips, write "Energy," Box 62,
Oak Ridge, TN 37830.
We can't afford
to waste it.
U.S. Department of Energy