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nnTionnL Economic TRcnos
PREPARED BY FEDERAL

MONTH ENDING : November 30, 1968




RESERVE

BANK OF ST. LOUIS

RELEASED: December 20, 1968

Inflationary pressures, which began to mount in 1965,
have not slowed in recent months. Overall prices have risen at
a 3.8 per cent rate from late 1967, compared with a 2.9 per
cent average rate for the 1965-1967 period. Wholesale prices
of industrial commodities rose at a 3.4 per cent rate in the
July-October period, 2 . 6 per cent in the previous year, and a
1.8 per cent average rate from 1965-1967. Consumer prices have
increased at a 4.8 per cent rate from late 1967, compared with
a 1965-1967 rate of 2.9 per cent and a 1961-1965 rate of 1.3
per cent.
Payroll and total civilian employment have risen at
2.8 and 1.2 per cent rates, respectively, in 1968. These rates
are somewhat below those of the 1965-1967 period when payroll
employment increased at a 4.2 per cent rate and total civilian
employment at a 2.3 per cent rate. The slowdown in employment
growth reflects a shortage of labor resources in a high-employment economy. Unemployment, which dropped below 4 per cent of
the labor force in January, 1966 for the first time in nine
years, has remained at or below 4 per cent for most of the past
three years, and has averaged 3.6 per cent in 1968.
Industrial production, which increased at a 7 per
cent rate from 1961-1965 and a 5 per cent rate in the 1965-1967
period, has risen at a 3.6 per cent rate in 1968. Growth in
production has also slowed because of resource shortages. In a
high-employment economy production growth is constrained by the
growth of manhours as employed workers are used more intensive­
ly and marginal workers are attracted into the labor force.
Once full employment is reached, productivity gains may tend to
decline with the utilization of less efficient labor and equip­
ment.

2
TOTAL C IV IL IA N EMPLOYMENT
COMPOUNDED ANNUAL RATES QF CHANGE
THOUSANDS

TER M IN AL
MONTH

IN IT IA L
0 4 -6 7

0 5 -6 7

0 5 -6 7

06—
67 0 7 -6 7 0 8 - 6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 - 6 8

6 . 1-

np PFftSflMS

MONTH
0 2 -6 8

0 3 -6 8

0 4 -6 8

0 5 -6 8 0 6 -6 8

68
0 7 - 6 8 0 8 - 6 8 OQ-Aft 10—

7 3 . 550

0 6 -6 7

1 .9

1 0 .6

0 7 -6 7

3 .0

7 .8

5 .1

7 4 .1 6 9

0 8 -6 7

3 .0

6 .2

4 .1

3 .0

0 9 -6 7

2 .3

4 .5

2 .6

1 .3

.4 -

1 0 -6 7

2 .2

3 .9

2 .3

1 .4

.6

1 .6

1 1 -6 7

2 .5

4 .0

2 .7

2 .1

1 .8

3 .0

4 .4

7 4 .4 7 8
7 4 .6 6 4
7 4 .6 3 8
7 4 .7 3 5
75« 005

1 2 -6 7

3 .3

4 .8

3 .8

3 .6

3 .7

5 .1

7 .0

9 .6

0 1 -6 8

2 .2

3 .3

2 .3

1 .9

1 .6

2 .1

2 .3

1 .3

6 . 3—

0 2 -6 8

2 .9

4 .0

3 .2

2 .9

2 .9

3 .6

4 .1

3 .9

1 .2

0 3 -6 8

2 .8

3 .7

3 .0

2 .7

2 .6

3 .1

3 .5

3 .2

1 .2

5 .2

0 4 -6 8

2 .3

3 .1

2 .4

2 .1

2 .0

2 .3

2 .4

2 .0

.2

2 .5

7 5 .5 7 7
7 5 . 167
9 .4

7 5 .7 3 1
1 .1
.7 -

7 5 .8 0 2
2 .6 -

7 5 .6 3 6

0 5 -6 8

2 .4

3 .1

2 .5

2 .2

2 .1

2 .4

2 .5

2 .2

.8

2 .7

.5

.2

3 .1

0 6 -6 8

2 .4

3 .1

2 .5

2 .3

2 .2

2 .5

2 .7

2 .4

1 .3

2 .8

1 .3

1 .3

3 .3

3 .5

0 7 -6 8

2 .3

2 .9

2 .3

2 .1

2 .0

2 .3

2 .3

2 .1

1 .1

2 .3

1 .0

.9

2 .1

1 .7

.2 -

0 8 -6 8

2 .0

2 .6

2 .0

1 .8

1 .7

1 .9

1 .9

1 .7

.7

1 .7

.5

.4

1 .2

.5

.9 -

09— 8
6

1 .9

2 .5

1 .9

1 .7

1 .6

1 .8

1 .8

1 .5

.7

1 .6

.5

.4

1 .0

.5

.5 -

.6 -

.4

1 0 -6 8

1 .8

2 .3

1 .8

1 .6

1 .5

1 .6

1 .6

1 .4

.6

1 .4

.4

.3

.8

.4

.4 -

.4 -

.2

2. 1

2 .6

2 .1

_ WSL

.. .1 *9

2 .0

2 .0

1 .9

1 .2

2 .0

1 .2

i.2

1 .7

1 .5

0 6 -6 7 0 7 - 6 7 0 8 - 6 7 0 9 - 6 7

1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 - 6 8

0 2 -6 8

U .- 6 8

.

0 4 -6 7 0 5 -6 7

0 3 -6 8

7 5 .8 2 9

0 4 -6 8 0 5 -6 8

7 6 .0 4 8

1 .1

7 6 .0 3 8
1 .7 -

l.U

7 5 .9 2 9

2 .4

7 5 .9 5 7
.1 3 .5

7 5 .9 5 2
7 .1

7 6 .3 8 9

0 6 -6 8 0 7 - 6 8 0 8 - 6 8 0 9 - 6 8 1 0 - 6 8

IN IT IA L MONTH
PREPARED BY FEDERAL RESERVE BANK OF ST a LOUIS
DECEM8ER 1 2 . 1 96 8
PAYROLL EMPLOYMENT
COMPOUNDED ANNUAL RATES OF CHANGE
THOUSANDS
OF PERSONS

IN IT IA L MONTH

TERMINAL
MONTH
1 0 -6 7

1 1 -6 7

1 2 -6 7

C
O

0 8 -6 7 0 9 - 6 7

1

0 6 -6 7 0 7 -6 7

a

0 4 -6 7 0 5 -6 7

0 2 -6 8 0 3 -6 8

0 4 -6 8

0 5 - 6 8 0 6 -6 8

0 7 - 6 8 08 - 6 8 0 9 - 6 8 1 0 -6 8
6 5 .6 7 7

0 5 -6 7

1. 1

0 6 -6 7

1 .9

2 .7

0 7 -6 7

1 .9

2 .3

1 .8

6 5 .8 2 1
6 5 .9 2 0

0 8 -6 7

2 .6

3 .1

3 .4

5 .0

0 9 -6 7

1 .9

2 .1

1 .9

1 .9

6 6 .1 8 6

1 0 -6 7

2 .0

2 .2

2 .1

2 .2

.9

3 .0

1 1 -6 7

3 .1

3 .4

3 .5

4 .0

3 .6

6 .1

1 2 -6 7

3 .3

3 .6

3 .8

4 .2

4 .0

5 .8

7 .2

5 .2

0 1 -6 8

2 .9

3 .2

3 .3

3 .5

3 .2

4 .3

4 .7

2 .6

.0

0 2 -6 8

3 .6

3 .9

4 .1

4 .4

4 .3

5 .5

6 .1

5 .0

4 .9

1 0 .2

0 3 -6 8

3 .4

3 .6

3 .7

4 .0

3 .8

4 .7

5 .0

4 .0

3 .6

5 .5

1 .0

0 4 -6 8

3 .3

3 .5

3 .5

3 .7

3 .6

4 .3

4 .5

3 .6

3 .1

4 .2

1 .4

1 .8

0 5 -6 8

3 .1

3 .2

3 .3

3 .4

3 .3

3 .8

3 .9

3 .1

2 .6

3 .3

I.1

1 .2

0 6 -6 8

3 .2

3 .3

3 .4

3 .5

3 .4

3 .9

4 .0

3 .3

2 .9

3 .6

2 .0

2 .3

2 .6

4 .5

0 7 -6 8

3. 1

3 .3

3 .3

3 .4

3 .3

3 .7

3 .8

3 .1

2 .9

3 .3

2 .0

2 .3

2 .5

3 .4

2 .3

6 6 .1 2 3

1 .2 -

6 6 .2 8 6
9 .3

6 6 .7 7 8
6 7 .0 6 0
6 7 .0 5 8
6 7 .6 0 0
6 7 .6 5 6
6 7 .7 5 5
.7

6 7 .7 9 2
6 8 .0 3 9
6 8 .1 7 0

0 8 -6 8

3 .1

3 .2

3 .2

3 .4

3 .2

3 .6

3 .7

3 .1

2 .8

3 .2

2 .1

2 .4

2 .5

3 .1

2 .5

2 .6

0 9 -6 8

3 .0

3 .1

3. 1

3 .2

3 .1

3 .4

3 .5

2 .9

2 .6

3 .0

2 .0

2 .2

2 .2

2 .6

2 .0

1 .9

1 0 -6 8

3 .1

3 .2

3 .2

3 .3

3 .2

3 .5

3 .6

3 .1

2 .8

3 .2

2 .3

2 .5

2 .6

3 .0

2 .7

2 .8

2 .9

4 .6

1 1 -6 8

3 .0

3 .2

3 .2

3 .3

3 .2

3 .5

3 .5

3 .0

2 .8

3 .1

2 .4

2 .6

2 .7

3 .C

2 .7

2 .8

2 .9

3 .8

2 .9

0 4 - 6 7 0 5 -6 7

0 6 -6 7

C 7 -6 7 0 8 - 6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 - 6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8

0 7 -6 8 0 8 -6 8 0 9 -6 8

1 0 -6 8

0 5 -6 8 0 6 -6 8

6 8 .3 1 4
1 .2

6 8 .3 8 2
6 8 .6 4 0 P
6 8 .8 0 3 P

IN
ITIAL M NH
QT
P - PRELIMINARY
________________________________________________________________________________________________________________________ PREPARED BY FEOERAL RESERVE BANK OF S T . LOUIS
DECEMBER 12« 1968




3

Employment
Ratio Scale

Ratio Scale

Source: U.S. D epartm ent of Labor
Percentages are annual rates of change between periods indicated.They are presented to aid in
comparing m ostrecentdevelopments with past"trends.”
Latest da ta p lo tte d : Novem ber prelim im ary




Prepared by Federal Reserve Bank of St. Louis

4

INDUSTRIAL PRODUCTION
ANNUAL RATES C f CHANGE-----I

iOMPOUftIDEO
--------- C

IK1TTIAI

TFRM f NAI

MflMTU

1 9 5 7 - 59

/ 100

MONTH
Oil—A 7 0«i-A7
os- a 7

3 -8 -

0 7 -A 7

Oft—A7

OQ-A7

10-A 7

0 7 -A7

- ft—

1 2-A 7

O1—Aft 02—Aft 03—Aft Oli.Aff

OA—A ft 07 - a $

10—

-8

1*55-7

3-1

* -*
5 5

1 * A -li
*

0 8 -6 7

3- 1

7-1

1C-4

1 5 -6

09—67

-2

2 -3

2 -9

1 -6

10 - fi­

-A

1 5 8 -3
15 A .

2 -5

2 -9

2 -1

l l - 1-

1 1 -6 7

3 .4

5 .5

6 .4

6 .7

3 .9

1 2 .0

2 1 -8

1 0 -6 7

-

1 1-A7

ft- 1 -

0 6 -6 7

0 A -A 7

3 -1

ft

1 *7 -7
1 5 9 -8

1 2 -6 7

5 .2

7 .3

8 .4

9 .0

7 .4

1 4 .2

2 0 .2

1 8 .7

0 1 -6 8

3 .9

5 -5

6 -1

6 -2

4 .5

8 -7

1 0 -6

5 -4

02— 8
6

4. 1

5 -5

6- 1

6 -2

4 -7

8 .2

9 .5

5 .6

0 3 -6 8

4 .4

5 -7

6 .3

6 -4

*»-2

8 -1

9 -1

A -1

OU— 8
6

3 -7

4 -9

«5- 3

«*-2

4 -0

6 -3

6 -9

0 5 -6 8

4 .4

5 .5

6 .0

6 .0

5 .0

7 .2

7 .8

0 6 -6 8

5 .0

6 .0

6 .5

6 .6

5 .7

7 .7

8 .3

0 7 -6 8

4. 7

5 .7

6. 1

6 .1

5 .3

7 .1

7 .5

0 8 -6 8

3 .8

4 .6

4 .9

4 .8

4 .0

5 .4

0 9 -6 8

3 .8

4 .6

4 .8

4 .8

4 .0

1 0 -6 8

3 .8

4 .5

4 .8

4 .7

4 .0

1 1 -6 8

4 .3

5 .0

5 .3

5 .2

0 4 -6 7 0 5 -6 7

0 6 -6 7

16 2 .1
6 -4 —
-4 -

1A 1 - 2
6 .1

1 6 2 .0

2 -3

6 -9

4 -1

-7

3 -3

1 -9

3 .6 -

5 .6

3 .1

5 .7

5 .5

4 .5

1 3 .3

6 .5

4 .6

7 .0

7 .2

7 .0

1 2 .8

1 2 .3

5 .9

4 .2

6 .0

6 .0

5 .6

8 .9

6 .8

1 .5

5 .7

4 .0

2. 4

3 .6

3 .2

2 .4

3 .9

1 .0

4 .3 -

9 .7 -

5 .3

5 .5

4 .0

2 .5

3 .7

3 .3

2 .6

3 .9

1 .7

1 .7 -

3 .2 -

3 .7

5 .2

5 .4

4 .0

2 .7

3 .7

3 .4

2 .9

4 .0

2 .2

.2 -

.7 -

4 .1

4 .4

4 .6

5 .8

6 .0

4 .8

3 .6

4 .6

4 .5

4 .1

5 .2

3 .9

2 .3

7 .0

8 .7

1 3 .1

0 7 -6 7 0 8 - 6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

0 3 -6 8 0 4 -6 8

0 5 -6 8

0 6 -6 8

0 7 -6 8 0 8 - 6 8 0 9 - 6 8

1 0 -6 8

1 6 3 -0

7 -7

1 2 -6 7 0 1 - 6 8 0 2 - 6 8

1 6 2 -5
1 6 4 .2
1 6 5 .8
1 6 6 .0

2 .6

1 6 4 .6
1 6 5 .1
1 6 5 .7
1 6 7 .4 P

IN IT IA L MONTH
P - PRELIMINARY




PREPARED BY FEDERAL RESERVE BANK OF ST • LOUIS
DECEMBER 1 8 * 1968

5

Ratio Scale

Industrial Production

Ratio Scale

Percentages are annual rates of change between periods indicated.They are presented to aid in
comparing most recentdevelopments with past “ trends.”
Latest d a ta p lo tte d : November prelim inary




Prepared by Federal Reserve Bank of St. Louis

6
R E T A IL S A L E S
COMPOUNDED ANNUAL R A T F S O F CHANGF

0 4 -6 7 0 5 -6 7
0 5 -6 7
0 6 -6 7

M ILLIO N S OF
DOLLAftS

IN IT IA L MONTH

TERMINAL
MONTH
06 - 6 7

0 7 -6 7 0 8 - 6 7

10-<b7 l l - i 67

0 9 -6 7

1 2 -6 7 0 1 - 6 8

• 9—

0 2 -6 8

0 3 -6 8

0 4 -6 8 0 5 -6 8

0 6 -6 8

0 7 - 6 8 08 - 6 8 0 9 - 6 8

10 - f t

ft

2 5 . 948

1 5 .4

3 4 .5

2 6 .5 9 6

0 7 -6 7

8 .4

1 3 .4

4 *4 -

0 8 -6 7

5 .9

8 .2

2 .9 -

1 .3 -

0 9 -6 7

7 .6

9 .9

2 .7

6 .4

1 0 -6 7

1 .0

1 .4

5 .5 -

5 .8 -

8 . 0 - 2 6 .3 *-

1 1 -6 7

2 .8

3 .4

1 .9 -

1 .2 -

1 .2 -

8 .4 -

13 . 9

1 2 -6 7

2 .3

2 .8

1. 7 -

1 .2 -

1 .1 -

5 .9 -

6 .3

0 1 -6 8

5 .0

5 .8

2 .2

3 .4

4 .3

1 .8

13 . 4

13 . 2

2 9 .1

0 2 -6 8

7 .2

8 .1

5 .2

6 .7

8 .1

6 .8

17 . 1

18 .2

2 9 .0

2 8 .9

0 3 -6 8

9 .2

1 0 .3

7 .8

9 .5

1 1 .1

1 0 .5

19 . 9

21 . 4

2 9 .8

3 0 .1

3 1 .4

0 4 -6 8

6 .6

7 .3

4 .9

6 .0

6 .9

5 .9

12 . 4

12 .1

1 5 .6

1 1 .4

3 .6

1 8 .3 -

0 5 -6 8

7 .7

8 .4

6 .3

7 .5

8 .5

7 .7

13 . 7

13 . 7

1 6 .8

1 3 .9

9 .3

.3 -

2 6 .4 9 6
2 6 .4 6 6
1 4 .9

2 6 .7 7 3
2 6 .1 0 0
2 6 .3 8 5
.8 -

2 6 .3 6 8
2 6 .9 3 6
2 7 ,5 1 2
2 8 .1 4 5
2 7 .6 7 5
2 1 .7

2 8 .1 3 2

0 6 -6 8

8 .1

8 .9

7 .0

8 .1

9 .1

8 .4

13 . 8

13 .8

1 6 .4

1 4 .0

1 0 .6

4 .4

1 8 .1

1 4 .5

0 7 -6 8

8 .6

9 .4

7 .6

8 .7

9 .7

9 .2

14 . 0

14 .1

1 6 .3

1 4 .3

1 1 .6

7 .2

1 7 .3

1 5 .2

1 5 .8

2 8 .4 5 1

0
00
1
O
'
00

28» 802

8 .7

9 .4

7 .8

8 .8

9 .7

9 .3

13 . 7

13 .6

1 5 .6

1 3 .7

1 1 .4

7 .8

1 5 .5

1 3 .5

1 3 .0

1 0 .3

0 9 -6 8

7 .8

8 .3

6 .8

7 .6

8 .3

7 .8

11 . 6

11 .4

1 2 .8

1 0 .9

8 .6

5 .2

1 0 .6

8 .0

5 .9

1 .3

7 .0 -

1 0 -6 8

6 .9

7 .4

5 .9

6 .6

7 .2

6 .7

10 . 0

9 .7

1 0 .8

8 .9

6 .6

3 .5

7 .6

5 .0

2 .8

1 .2 -

6. 5-

6 . 1-

1 1 -6 8

7 .6

8 .1

6 .7

7 .4

8 .0

7 .6

10 . 7

10 .5

1 1 .5

9 .9

8 .0

5 .4

9 .3

7 .3

6 .0

3 .6

1 .5

6 .0

1 9 .6

0 4 -6 7 0 5 -6 7

06 - 6 7

0 7 -6 7

1 2 -6 7 0 1 - 6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8

0 5 -6 8

0 6 - 6 8 0 7 - 6 8 08 - 6 8 0 9 - 6 8

10 - 6 8

0 8 - 6 7 0 9 - 6 7 I C - 67 1 1 - 67

2 9 « 037
2 8 .8 6 3
2 8 .7 1 3
2 9 . 144P

IN IT IA L MONTH
P - PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST • LOUIS
DECEMBER 12« 1968
PERSONAL INCOME
COMPOUNDED ANNUAL RATES OF CHANGE
I N IT IA L MONTH

TERMINAL
MONTH
0 4 -6 7 0 5 -6 7

0 6 -6 7 0 7 -6 7 0 8 -6 7 0 9 -6 7

0 5 -6 7

7 .2
7 .4

9 .2

7 .8

9 .1

8. 3

8 .7

0 3 -6 8

0 4 - 6 8 0 5 - 6 8 0 6 -6 8 0 7 - 6 8

0 8 -6 8 0 9 -6 8

7. 9

0 8 -6 7

1 2 -6 7 0 1 - 6 8 0 2 - 6 8

1 0 .6

0 7 -6 7

1 1 -6 7

3 .9

0 6 -6 7

1 0 -6 7

B IL L IO N S OF
DOLLARS
ANNUAL &ÀTES
1 0 - 68
6 2 0 .6
6 2 5 .8
6 2 9 .8

6 3 4 .2

0 9 -6 7

7 .3

8 .1

7. 4

7 .1

5 .4

1 0 -6 7

6 .4

6 .9

6. 0

5 .3

3 .6

1 .9

1 1 -6 7

7 .4

8 .0

7. 5

7 .4

6 .9

7 .7

1 3 .8

1 2 -6 7

8 .4

9 .0

8. 8

8 .9

9 .0

1 0 .2

1 4 .6

1 5 .3

0 1 -6 8

7 .9

8 .4

8. 1

8 .1

8 .0

8 .7

1 1 .0

9 .7

6 3 7 .0
6 3 8 .0
6 4 4 .9
6 5 2 .6
4 .3

6 5 4 .9

0 2 -6 8

8 .7

9 .2

9. 1

9 .2

9 .3

1 0 .1

1 2 .2

1 1 .7

9 .9

1 5 .9

0 3 -6 8

9 .1

9 .6

9. 5

9 .7

9 .9

1 0 .6

1 2 .5

1 2 .1

1 1 .1

1 4 .7

1 3 .4

0 4 -6 8

8 .7

9 .2

9. 0

9 .2

9 .2

9 .8

ll. l

1 0 .6

9 .5

1 1 .3

9 .0

4 .8

0 5 -6 8

8 .9

9 .3

9. 2

9 .3

9 .4

9 .9

1 1 .1

1 0 .6

9 .7

1 1 .1

9 .5

7 .6

1 0 .5

0 6 -6 8

9 .0

9 .4

9. 3

9 .4

9 .4

9 .9

1 0 .9

1 0 .5

9 .8

1 0 .9

9 .7

8 .4

1 0 .3

1 0 .2

0 7 -6 8

9 .0

9 .4

9. 3

9 .4

9 .5

9 .9

1 0 .8

1 0 .5

9 .8

1 0 .8

9 .8

8 .9

1 0 .3

1 0 .1

1 0 .1

0 8 -6 8

9 .0

9 .4

9. 3

9 .4

9 .4

9 .8

1 0 .6

1 0 .3

9 .7

1 0 .5

9 .6

8 .9

9 .9

9 .7

9 .5

8 .9

0 9 -6 8

9 .1

9 .4

9. 3

9 .4

9 .5

9 .8

1 0 .6

1 0 .3

9 .7

1 0 .4

9 .7

9 .1

9 .9

9 .8

9 .7

9 .5

1 0 .1

1 0 -6 8

8 .9

9 .2

9. 1

9 .2

9 .3

9 .6

1 0 .2

9 .9

9 .4

1 0 .0

9 .2

8 .7

9 .3

9 .1

8 .8

8 .4

8 .1

6 .2

1 1 -6 8

8 .8

9 .1

9. 0

9 .1

9 .1

9 .4

9 .9

9 .6

9 .1

9 .6

9 .0

8 .4

8 .9

8 .7

8 .4

8 .0

7 .7

6 .4

0 8 -6 7 0 9 -6 7

1 0 -6 7

1 1 -6 7

0 4 -6 7 0 5 - 6 7

C 6 -6 7 0 7 - 6 7

1 2 -6 7 0 1 - 6 8

6 6 3 .0
6 7 0 .0

0 2 -6 8 0 3 -6 8

6 7 2 .6
6 7 8 .2
6 8 3 .7
6 8 9 .2
6 9 4 .1
6 9 9 .7
7 0 3 .2
6.7

7 0 7 .0 P

0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8 1 0 -6 8

I N IT IA L MONTH
P - PRELIMINARY




PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
OECEMBER 18«

1968




7

Retail Sale s
Ratio Scale

Ratio Scale

Source: U.S. Departm ent of Commerce
Percentages are annual rates of change between periods indicated.They are presented to aid in com paring
most recent developments with past "trends.”

Latest da ta plotted: N ove m b e r p re lim in a ry
Prepared byFederalfteserveftankofSt.Louis

Personal Income
Ratio Scale

Ratio Scale

Source: U.S. Department of Commerce
Percentages are a nnual rates o f change betw een periods indicated.They are presented to a id in
com paring most recentdevelopm ents w ith p a s f'tre n d s .”

Latest da ta plotted: N ove m b e r p re lim in a ry
Prepared by Federal Reserve Bank of St. Louis

GROSS NATIONAL PRODUCT IN CURRENT DOLLARS
B IL L IO N S OF
DOLLARS
ANNUAL RATES
0 3 -6 7 1 4 - 6 7 0 1 - 6 8 1 2 - 6 8
0
0

IN IT IA L OtlARTER

TERMINAL
QUARTER
0 4 -6 3 0 1 -6 4 0 2 -6 4
01—
6U

0 3 -6 4 0 4 - 6 4 0 1 -6 5 0 2 - 6 5 0 3 -6 5

0 4 -6 5 0 1 -6 6

0 2 -6 6 0 3 ^6 6 0 4 -6 6

i0 1 - 6 7 0 2 - 6 7

61 7 .7

8. 1

62 8 .0

0 2 -6 4

7 .5

6 .8

0 3 -6 U

7 .4

7 .0

7 .1

0 4 -6 4

6 .5

6 .0

5 .5

3 .9

0 1 -6 5

7 .5

7 .3

7 .5

7 .6

0 2 -6 5

7 .6

7 .4

7 .6

7 .8

9 .7

8 .0

0 3 -6 5

7 .8

7 .8

8 .0

8 .2

9 .6

8 .7

6 3 8 .9
6 4 5 .1
6 6 2 .8

1 1 .4

6 7 5 .7
6 9 1 .1

9 -4

7 1 0 .0

04— 5
6

8 .3

8 .3

8 .5

8 .8

1 0 .1

9 .6

1 0 .4

1 1 .4

0 1 -6 6

8 .5

8 .6

8 .9

9 .1

1 0 .2

9 .9

1 0 .5

1 1 .1

1 0 .8

0 2 -6 6

8 .4

8 .4

8 .6

8 .8

9 .6

9 .3

9 .6

9 .6

8 .8

6 .8

0 3 -6 6

8 .3

8 .3

8 .4

8 .6

9 .3

8 .9

9 .1

9 .0

8 .2

7 .0

0 4 -6 6

8 .2

8 .3

8 .4

8 .5

9 .1

8 .8

8 .9

8 .8

8 .2

7 .4

7 .7

8 .1

0 1 -6 7

7 .8

7 .7

7 .8

7 .9

8 .3

7 .9

7 .9

7 .7

7 .0

6 .0

5 .8

5 .1

2 .1

0 2 -6 7

7 .5

7 .5

7 .5

7 .5

7 .9

7 .5

7 .5

7 .2

6 .5

5 .7

5 .4

4 .8

3 .2

4 .2

0 3 -6 7

7 .5

7 .5

7 .5

7 .6

7 .9

7 .6

7 .5

7 .3

6 .7

6 .0

5 .9

5 .6

4 .7

6 .1

8 .0

0 4 -6 7

7 .6

7 .5

7 .6

7 .6

7 .9

7 .6

7 .6

7 .4

6 .9

6 .3

6 .3

6 .1

5 .6

6 .8

8 .1

8 .1

0 1 -6 8

7 .7

7 .7

7 .8

7 .8

8 .1

7 .8

7 .8

7 .7

7 .3

6 .8

6 .8

6 *8

6 .5

7 .6

8 .8

9 .2

1 0 .4

0 2 -6 8

7 .9

7 .9

8 .0

8 .0

8 .3

8 .1

8 .1

8 .0

7 .6

7 .3

7 .3

7 .4

7 .2

8 .3

9 .3

9 .8

1 0 .6

1 0 .9

0 3 -6 8

7 .9

7 .9

8 .0

8 .1

8 .3

8 .1

8 .1

8 .0

7 .7

7 .4

7 .5

7 .5

7 .4

8 .4

9 .2

9 .5

1 0 .0

9 .8

0
0
0
0
0
1 2 -6 4 0 3 -6 4 < 4 -6 4 t 1 - 6 5 1 2 -6 5 < 3 -6 5

0 4 -6 5

1 1 -6 6
0

0 2 -6 6

0 4 -6 3 0 1 -6 4

7 2 8 .4
7 4 0 .4
7 5 3 .3

7 .2

7 6 8 .2
7 7 2 .2
7 8 0 .2
7 9 5 .3
8 1 1 .0
8 3 1 .2
8 5 2 .9
8 .8

8 7 1 .0

5
0 2 - 6 7 0 3 - 6 7 0 4 - 6 7 1 1 -6 8 0 2 - 6 8

0 3 *6 6 0 4 -6 6 0 1 -6 7

IN IT IA L QUARTER
PREPARED BY FEDERAL RESERVE BANK OP S T . LOUIS
NOVEMBER 1 3 , 196 8
GROSS NATIONAL PRODUCT IN CONSTANT 1 9 5 8 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
IN IT IA L

TERMINAL
QUARTER
0 4 -6 3 0 1 - 6 4
0 1 -6 4

0 2 -6 4

0 3 -6 4 0 4 - 6 4

0 1 -6 5 0 2 -6 5

0 3 -6 5

QUARTER

0 4 -6 5 0 1 -6 6

0 2 - 6 6 03— 6 0 4 - 6 6
6

0 1 -6 7 0 2 -6 7

B IL L IO N S OF
DOLLARS
ANNUAL RATES
0 3 -6 7 0 4 -6 7 0 1 -6 8 0 2 -6 8

6 .6

5 7 1 .1

02— 4
6

6 .0

5 .4

0 3 -6 4

5 .7

5 .2

5 7 8 .6
5 .1

5 8 5 .8

0 4 -6 4

4 .7

4 .1

3 .5

1 .9

0 1 -6 5

5 .6

5 .3

5 .3

5 .5

9 .2

0 2 -6 5

5 .7

5 .5

5 .5

5 .6

7 .6

6 .0

0 3 -6 5

6 .0

5 .9

6 .0

6 .3

7 .8

7 .1

8 .2

0 4 -6 5

6 .4

6 .4

6 .6

6 .9

8 .2

7 .8

8 .8

0 1 -6 6

6 .6

6 .6

6 .7

7 .0

8 .1

7 .8

8 .4

8 .6

7 .8

0 2 -6 6

6 .2

6 .2

6 .3

6 .4

7 .2

6 .8

7 .0

6 .7

5 .3

0 3 -6 6

6 .0

5 .9

6 .0

6 .1

6 .7

6 .3

6 .4

5 .9

4 .8

3 .4

3 .9

0 4 -6 6

5 .9

5 .8

5 .9

6 .0

6 .5

6 .1

6 .1

5 .7

4 .8

3 .8

4 .3

5 8 8 .5
6 0 1 .6
6 1 0 .4
6 2 2 .5
9 .4

6 3 6 .6
6 4 8 .6
2 .9

6 5 3 .3
6 5 9 .5
4 .7

6 6 7 .1

0 1 -6 7

5 .3

5 .2

5 .2

5 .3

5 .6

5 .2

5 .1

4 .6

3 .6

2 .6

2 .5

1 .9

.8 -

0 2 -6 7

5 .1

5 .0

5 .0

5 .0

5 .3

4 .9

4 .7

4 .2

3 .4

2 .5

2 .4

2 .0

.6

0 3 -6 7

5 .0

4 .9

U .9

4 .9

5 .2

4 .8

4 .6

4 .2

3 .5

2 .8

2 .7

Z .4

1 .7

3 .0

3 .9

011-67

5 .0

4 .8

U .8

4 .8

5 .0

4 .7

4 .5

4 .1

3 .5

2 .9

2 .9

2 .7

2 .2

3 .2

3 .8

3 .7

6 6 5 .7
2 .1

6 6 9 .2
6 7 5 .6
6 8 1 .8

0 1 -6 8

5 .0

5 .0

4 .9

4 .9

5. 1

4 .8

4 .7

4 .4

3 .8

3 .4

3 .4

3 .3

3 .1

4 .1

4 .7

5 .1

6 .6

0 2 -6 8

5 .1

5 .0

5 .0

5 .0

5 .2

4 .9

4 .8

4 .5

4 .1

3 .7

3 .8

3 .8

3 .6

4 .5

5 .1

5 .5

6 .4

6 .3

0 3 -6 8

5 .1

5 .0

5 .0

5 .0

5 .2

5 .0

4 .9

4 .6

4 .2

3 .8

3 .9

3 .9

3 .8

4 .6

5 .1

5 .4

6 .0

5 .7

5 .2

0 4 -6 3 0 1 - 6 4

0 2 -6 4

0 1 -6 5 0 2 -6 5

0 3 -6 5

0 4 -6 5 0 1 -6 6

0 2 -6 6

0 3 -6 6

0 4 -6 6

0 3 -6 7 0 4 -6 7 0 1 -6 8

0 2 -6 8




0 3 -6 4 0 4 -6 4

I N IT IA L

0 1 -6 7 0 2 -6 7

6 9 2 .7
7 0 3 .4
7 1 2 .3

QUARTER
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
NOVEMBER 15» 1968

9

Demand and Production
Ratio S c a l e

L iG N P in current dollars.

Q uarterlyTotals at A nnual Rates

Ratio S c a l e

Source-. U.S. D epartm ent of Commerce

12 GNP in 1958 dolla rs.
Percentages are annual rates of change between periods indicated.They are presented to aid in
comparing most recent developments with past 'trends."
Latest data plotted: 3rd quarter




Prepared by Federal Reserve Bank of St. Louis

10

F IN A L
TER M IN A L
QUARTER

SALES IN CURRENT DOLLARS
IN IT IA L

0 4 -6 3 0 1 -6 4

0 2 -6 4

0 3 - 6 4 0 4 -6 4

0 1 -6 5 0 2 -6 5

0 3 -6 5

0 4 -6 5

Q UARTER

0 1 -6 6

0 2 -6 6

0 3 -6 6

0 4 -6 6

0 1 -6 7 0 2 -6 7

0 3 -6 7 0 4 -6 7 0 1 -6 8

0 1 -6 4

1 0 .6

0 2 -6 4

8 .3

6 .0

0 3 -6 4

8 .2

7 .0

8 .1

0 4 -6 4

6 .6

5 .4

_ 5 .1

0 1 -6 5

7 .2

6 .4

6 .5

5 .7

9 .4

0 2 -6 5

7 .6

7 .0

_ 7 .2

6 .9

9 .4

0 3 -6 5

7 .8

7 .4

7 .7

7 .6

9 .5

9 .5

9 .5

0 4 -6 5

8 .2

7 .9

8 .2

8 .3

9 .9

1 0 .0

1 0 .3

1 1.1.

0 1 -6 6

8 .5

8 .2

8 .5

8 .6

9 .9

10. 1

1 0 .3

1 0 .7

1 0 .2

0 2 -6 6

8 .0

7 .8

8 .0

8 .0

9 .0

8 .9

8 .7

8 .5

7 .2

0 3 -6 6

8. 1

7 .9

8 .1

8 .1

8 .9

8 .9

8 .7

8 .6

7 .7

6 .5

8 .8

0 4 -6 6

7 .8

7 .5

7 .7

7 .6

8 .4

8 .2

8 .0

7 .7

6 .9

5 .8

6 .6

0 1 -6 7

7 .8

7 .6

7 .8

7 .7

8 .4

8 .2

8 .1

7 .8

7 .2

6 .5

7 .2

6 .4

8 .5

0 2 -6 7

7 .8

7 .6

7 .8

7 .7

8 .3

8 .2

8 .0

7 .8

7 .3

6 .7

7 .3

6 .8

8 .1

0 3 -6 7

7 .7

7 .5

7 .6

7 .6

8 .1

8 .0

7 .8

7 .6

7 .1

6 .6

7 .1

6 .7

7 .5

7 .0

6 .3

0 4 -6 7

7 .7

7 .5

7 .6

7 .5

8 .0

7 .9

7 .7

7 .5

7 .1

6 .6

7 .0

6 .7

7 .3

6 .9

6 .5

6 .6

0 1 -6 8

8 .0

7 .9

8 .0

8 .0

8 .4

8 .4

8 .2

8 .1

7 .8

7 .5

8 .0

7 .8

8 .5

8 .6

8 .9

1 0 .2

1 3 .8

0 2 -6 8

7 .9

7 .8

7 .9

7 .9

8 .3

8 .2

8 .1

8 .0

7 .7

7 .4

7 .8

7 .6

8 .2

8 .1

8 .2

8 .9

1 0 .1

6 .4

0 3 -6 8

8 .1

7 .9

8 .0

8 .0

8 .4

8 .4

8 .3

8 .2

7 .9

7 .7

8 .1

8 .0

8 .5

8 .5

8 .7

9 .3

1 0 .2

8 .5

0 4 -6 5 0 1 -6 6

0 2 -6 6

B IL L IO N S OF
n m 1 AR
ANNUAL RATES
0 2 -6 8
6 1 2 .9
6 2 1 .9

6 3 4 .1
2 .1

0 4 - 6 3 01—64 0 2 -6 4 0 3 - 6 4

6 3 7 .4
6 5 1 .9
9 .5

666. 8
6 8 2 .1

0 » - 6 » 0 1 -6 5 C 2 -6 5 0 3 -6 5

7 0 0 .3
7 1 7 .5
4 .3

7 2 5 .0
74 0 .4
4 .4

748.1*

0 3 -6 6 0 4 -6 6

76 3 .8
7 .7

7 7 ft.0
7 8 9 .9
8 0 2 .7

0 1 -6 7 0 2 -6 7 0 3 -6 7

8 2 9 .1
8 4 2 .1
1 0 .6

8 6 3 .5

0 4 -6 7 0 1 -6 8 0 2 -6 8

I N IT IA L QUARTER
PREPARED BY FEDERAL RESERVE BANK OF ST.
NOVEMBER 1 3 , 1968

LOUIS

F IN A L SALES IN CONSTANT DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
QUARTER
___________ 0 4 - 6 3 0 1 -6 4
0 1 -6 4

0 2 -6 4

0 3 -6 4 0 4 - 6 4

I N IT IA L QUARTER
ANNUAL RATES
0 1 -6 5 C 2 -6 5 0 3 -6 5 0 4 - 6 5 0 1 - 6 6 0 2 - 6 6 0 3 - 6 6

B IL L IO N S OF
1 95 8 DOLLARS
0 4 -6 6

0 1 -6 7 0 2 -6 7

0 3 -6 7 0 4 -6 7 0 1 -6 8

0 2 - 6 8 _______________

9« 1_____________________________________________________________________________________________________________________________________________________________5 6 6 .3
6 .8

4 .5

6 .5

5 .3

0 4 -6 4

4 .8

3 .5

3 .0

0 1 -6 5

5 .4

4 .5

4 .5

3 .7

7 .7

5 9 1 .7

0 2 -6 5

5 .7

5 .0

5 .2

4 .9

7 .4

7 .2 ___________________________________________________________________________________________________________________ 6 0 2 .1

0 3 -6 5

o
•
>
0

5 7 2 .5

0 2 -6 4
0 3 -6 4

5 .5

5 .8

5 .7

7 .7

7 .7

8 .1

0 4 -6 5

6 .4

6 .0

6 .3

6 .3

8 .0

8 .1

8 .6

9 .0

0 1 -6 6

6 .5

6 .2

6 .4

6 .5

8 .1

8 .1

7 .2

0 2 -6 6

5 .8

5 .5

5 .6

5 .5

5 .4

3 .6

0 3 -6 6

5 .8

5 .5

5 .6

5 8 1 .0

6. 1

5 8 0 .9

•
00

.1 -

7 .9

6 1 4 .0
6 2 7 .3
6 3 8 .3

I

o

m
•

6 .5

6 .1

6 3 8 .5

5 .6

6 .4

6 .2

6 .0

5 .5

4 .3

2 .9

5 .8

5 .7

5 .4

5 .1

4 .5

3 .4

2 .1

3 .2

.1

64 7 .6
6 4 8 .5

.6

0 4 -6 6

5 .4

5 .1

5. 1

5 .0

0 1 -6 7

5 .4

5 .1

5 .2

5 .1

5 .7

5 .4

5 .2

4 .7

3 .9

3 .0

4 .0

3 .1

5 .8

5 .5

5 .3

4 .8

4 .2

3 .6

4 .5

4 .0

5 .8

5 .1

4 .9

4 .5

3 .9

3 .3

4 .0

3 .5

4 .5

3 .9

2 .1

3 .6

3 .1

3 .7

3 .2

3 .9

3 .3

2 .1

2 .1

4 .4

4 .0

4 .6

4 .4

5 .2

5 .0

4 .8

6 .2

1 0 .4
1 .6
». 3

0 2 -6 7

5 .4

5 .2

5 .2

5 .1

5 .7

0 3 -6 7

5 .2

4 .9

5 .C

4 .9

5 .4

0 4 -6 7

5 .0

4 .7

» .8

4 .7

5 .1

4 .8

4 .6

4 .2

0 1 -6 8

5 .3

5 .1

5 .1

5 .1

5 .5

5 .3

5 .1

4 .8

6 5 7 .7
5 .7

6 6 6 .9
6 7 0 .4
6 7 3 .8

0 2 -6 8

5 .1

4 .9

» .9

4 .8

5 .2

5 .0

4 .8

4 .5

4 .1

3 .8

4 .2

4 .0

4 .6

4 .3

4 .0

4 .6

5 .9

0 3 -6 8

5 .2

5 .0

5 .0

5 .0

5 .3

5 .2

5 .0

4 .7

4 .4

4 .1

4 .5

4 .4

4 .9

4 .8

4 .6

5 .2

6 .3

0 1 - 6 5 C 2 -6 5 0 3 -6 5

0 4 -6 5

0 1 -6 6

0 2 -6 6

0 3 -6 6

0 4 -6 6

0 4 -6 3 0 1 - 6 4

C 2 -6 4 0 3 - 6 4 0 4 - 6 4




I N IT IA L

0 1 -6 7 0 2 -6 7

6 9 0 .7
6 9 3 .5
7 .1

7 0 5 .5

0 3 -6 7 0 4 -6 7 0 1 -6 8 0 2 -6 8

QUARTER
PREPARED BY FEDERAL RESERVE BAMK OF ST. LOUIS
NOVEMBER 15* 1968

11

Final Sales
Total Spending Less Changes in Business Inventories

Ratio Scale
Billions of Dollars

Q u a rte rly Totals at Annual Rates
Seasonally Adjusted

Ratio Scale
Billions of Dollars

850
800
750
700
650
600
550
500

450
Source: U.S. Department of Commerce
Percentages are annual rates of change between periods indicated.They are presented to aid in
com paring most recentdevelopments with past "tren ds.”
Latest d a ta plotted: 3rd quarter




Prepared by Federal Reserve Bank ofSt. Louis

12
CONSUMER PRICE INOEX
*
COMPOUNDED ANNUAL RATES OF CHANGE

0 4 -6 7

3 .2

1 1 5 .3

3 .2

0 5 -6 7

100

00
v
O
1
00
o
00

f
o

TERMINAL______________________________________________________________________IN IT IA L MONTH___________________________________________________________________ 1 9 5 7 -5 9 /
MONTH
0 3 - 6 7 0 4 - 6 7 0 5 - 6 7 0 6 -6 7 0 7 -6 7 0 8 -6 7 09—
67 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 - 6 8 0 2 - 6 8 0 3 - 6 8 0 4 - 6 8 0 5 - 6 8 0 6 - 6 8
0 9 -6 8

3 .2

1 1 5 .6
1 1 6 .0

0 6 -6 7

3 .5

3 .7

U .2

0 7 -6 7

4 .0

4 .2

4 .8

5 .3

1 1 6 .5

0 8 -6 7

4 .0

4 .2

4 .6

4 .7

4 .2

0 9 -6 7

3 .7

3 .8

3 .9

3 .9

3 .1

2 .1

1 1 6 .9

1 0 -6 7

3 .8

3 .9

4 .0

3 .9

3 .5

3 .1

4 .2

1 1 -6 7

3 .7

3 .8

3 .8

3 .8

3 .4

3 .1

3 .6

3 .1

3 .8

3 .5

3 .4

3 .8

3 .6

4 .2

1 1 7 .1
1 1 7 .5
1 1 7 .8

1 2 -6 7

3 .7

3 .8

3 .9

0 1 -6 8

3 .8

3 .8

3 .9

3 .9

3 .6

3 .5

3 .9

3 .8

4 .1

4 .1

0 2 -6 8

3 .8

3 .9

3 .9

3 .9

3 .7

3 .6

3 .9

3 .9

4 .1

4 .1

4 .2

0 3 -6 8

3 .9

4 .0

4 .1

4 .0

3 .9

3 .9

4 .1

4 .1

4 .4

4 .5

4 .7

5 .2

0 4 -6 8

3 .9

4 .0

M .l

4 .1

3 .9

3 .9

4 .1

4 .1

4 .3

4 .4

4 .5

4 .6

1 1 8 .2
1 1 8 .6
1 1 9 .0
1 1 9 .5
4 .1

1 1 9 .9

0 5 -6 8

3 .9

4 .0

4 .1

4 .1

3 .9

3 .9

4 .1

4 .1

4 .3

4 .3

4 .4

4 .4

4 .1

4 .1

0 6 -6 8

4 .1

4 .2

4 .2

4 .2

4 .1

4 .1

4 .4

4 .4

4 .6

4 .6

4 .7

4 .9

4 .8

5 .1

6 .2

0 7 -6 8

4 .2

4 .3

4 .4

4 .4

4 .3

4 .3

4 .5

4 .6

4 .8

4 .8

5 .0

5 .1

5 .1

5 .5

6 .1

6 .1

0 8 -6 8

4 .2

4 .3

4 .3

4 .3

4 .3

4 .3

4 .5

4 .5

4 .7

4 .7

4 .8

4 .9

4 .9

5 .1

5 .4

5 .1

0 9 -6 8

4 .1

4 .2

4 .3

4 .3

4 .2

4 .2

4 .4

4 .4

4 .5

4 .5

4 .6

4 .7

4 .6

4 .7

4 .8

4 .4

3 .5

3 .0

1 0 -6 8

4 .3

4 .4

4 .4

4 .4

4 .4

4 .4

4 .6

4 .6

4 .7

4 .8

4 .9

5 .0

4 .9

5 .1

5 .3

5 .0

4 .7

5 .0

0 8 - 6 7 0 9 -6 7

1 0 -6 7

1 1 -6 7

12— 1 0 1 -6 8
6

0 2 -6 8

0 3 -6 8

0 3 -6 7 0 4 - 6 7 0 5 - 6 7

0 6 -6 7 0 7 - 6 7

1 2 0 .3
1 2 0 .9
1 2 1 .5
4 .0

0 4 - 6 8 05— 8 0 6 -6 8 0 / - 6 8
6

1 2 1 .9
1 2 2 .2
7 .1

1 2 2 .9

0 8 -6 8 0 9 -6 8

IN IT IA L MONTH
*

NOT SEASONALLY ADJUSIED
PREPARED BY FEDERAL RESERVE BAMK OF S T . LOUIS
NOVEMBER 2 7 , 196 8
WHOLESALE PRICES» ALL COMMODITIES *
COMPOUNDED ANNUAL RATES OF CHANGE
IN IT IA L MONTH

TERMINAL
MONTH
0 3 - 6 7 0 4 -6 7
0 4 -6 7

0 5 -6 7

0 6 -6 7

0 7 -6 7

0 8 -6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

4 .4 -

1 2 -6 7 0 1 - 6 8

1 9 5 7 -5 9 /
0 2 -6 8 0 3 - 6 8 0 4 - 6 8

100

0 5 -6 8 0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8

1 0 5 .3

0 5 -6 7

.6

5 .9

0 6 -6 7

2 .3

5 .8

5 .8

0 7 -6 7

2 .3

4 .6

4 .0

2 .3

0 8 -6 7

.9

2 .3

1 .1

1 .1 -

4 .4 -

0 9 -6 7

1 .0

2 .1

1 .1

.4 -

1 .7 -

1 .1

1 0 5 .8
1 0 6 .3
1 0 6 .5
1 0 6 .1
1 0 6 .2

1 0 -6 7

.7

1 .5

.7

• 6-

1 .5 -

.0

1 .1 -

1 1 -6 7

.7

1 .5

.8

.2 -

.8 -

.4

.0

1 .1

1 0 6 .1
1 0 6 .2

1 2 -6 7

1 .4

2 .1

1 .6

.9

.7

2 .0

2 .3

4 .0

7 .0

0 1 -6 8 .

1 .7

2 .4

2 .0

1 .5

1 .3

2 .5

2 .9

4 .2

5 .8

4 .6

0 2 -6 8

2 .4

3 .1

2 .8

2 .4

2 .4

3 .6

4 .1

5 .5

7 .0

6 .9

9 .3

0 3 -6 8

2 .4

3 .0

2 .7

2 .4

2 .4

3 .4

3 .8

4 .8

5 .8

5 .4

5 .7

0 4 -6 8

2 .3

2 .9

2 .6

2 .3

2 .3

3 .1

3 .4

4 .2

4 .8

4 .3

4 .2

1 .7

1 .1

0 5 -6 8

2 .3

2 .8

2 .6

2 .3

2 .3

3 .0

3 .3

3 .9

4 .4

3 .9

3 .7

1 .9

1 .7

0 6 -6 8

2 .3

2 .8

2 .5

2 .3

2 .3

3 .0

3 .2

3 .7

4 .1

3 .6

3 .4

2 .0

1 .9

2 .2

2 .2

0 7 -6 8

2 .4

2 .9

2 .7

2 .4

2 .4

3 .1

3 .3

3 .8

4 .1

3 .7

3 .6

2 .5

2 .5

3 .0

3 .4

0 8 -6 8

2 .0

2 .4

2 .2

1 .9

1 .9

2 .5

2 .6

3 .0

3 .2

2 .7

2 .4

1 .3

1 .1

1 .1

.7

.0

4 .3 -

0 9 -6 8

2 .1

2 .5

2 .3

2 .1

2 .1

2 .6

2 .7

3 .1

3 .3

2 .9

2 .7

1 .8

1 .7

1 .8

1 .7

1 .5

•Ò

4 .5

1 0 -6 8

2 .0

2 .4

2 .2

2 .0

2 .0

2 .4

2 .5

2 .8

3 .0

2 .6

2 .4

1 .5

1 .4

1 .5

1 .3

1 .1

•0

2 .2

0 9 -6 7 1 0 -6 7

1 1 -6 7

0 3 -6 7 0 4 -6 7

0 5 -6 7 0 6 -6 7

0 7 -6 7 0 8 -6 7

1 0 6 .8
1 0 7 .2

1 2 -6 7 0 1 - 6 8

1 0 8 .0
2 .3

1 0 8 .2

0 2 -6 8 0 3 - 6 8

1 0 8 .3
2 .2

1 0 8 .5
1 0 8 .7
4 .5

1 0 9 .1
1 0 8 .7
1 0 9 .1
.0

1 0 9 .1

0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8 3 8 -6 8 0 9 -6 8

I N IT IA L MONTH
♦

N O Î"SEASONALLY ADJUSTED




PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
NOVEMBER 27*

1968

13

Prices
Ratio S c a l e
1957 59=100
-

Ratio S c a l e
1957 59=100
-

S o u rc e : U.S. D e p a rtm e n t o f L a b o r
Percentages are annual rates of change between periods indicated.They are presented to aid in
comparing most recentdevelopments with past "tre n d s.”
L atestdata plotted:O ctob er




Prepared by Federal Reserve Bank of St. Louis

1
4
WHOLESALE PRICES - INDUSTRIAL
COMMODITIES
*
COMPOUNDED ANNUAL RATES OF CHANGE__________
TERMINAL______________________________________________________________________IN IT IA L MONTH___________________________________________________________________1 9 5 7 -5 9
MONTH
0 3 - 6 7 0 4 - 6 7 0 5 -6 7 0 6 -6 7 0 7 -6 7 0 8 -6 7 0 9 - 6 7 1 0 -6 7 1 1 -6 7 1 2 -6 7 0 1 - 6 8 0 2 -6 8 0 3 - 6 8 0 4 - 6 8 0 5 - 6 8 0 6 -6 8 0 7 - 6 8 0 8 - 6 8 0 9 - 6 8

/

100

1 0 6 .0

0 4 -6 7

.0

0 5 -6 7

.0

.0

0 6 -6 7

.0

.0

0 7 -6 7

.0

.0

.0

.0

0 8 -6 7

.7

.9

1 .1

1 .7

3 .4

0 9 -6 7

.9

l.l

1 .4

1 .9

2 .9

2 .3

1 0 -6 7

1 .3

1 .5

1 .8

2 .3

3 .1

2 .9

3 .4

1 0 6 .0
1 0 6 .0

.0

1 0 6 .0
1 0 6 .3
1 0 6 .5
1 0 6 .8

1 1 -6 7

1 .6

1 .8

2 .1

2 .5

3 .1

3 .1

3 .4

3 .4

1 2 -6 7

1 .8

2 .0

2 .3

2 .7

3 .2

3 .1

3 .4

3 .4

3 .4

1 0 7 .1
1 0 7 .4

0 1 -6 8

2 .0

2 .3

2 .6

2 .9

3 .4

3 .4

3 .7

3 .8

4 .0

4 .6

0 2 -6 8

2 .4

2 .6

2 .9

3 .3

3 .8

3 .8

4 .1

4 .3

4 .6

5 .1

5 .7

1 0 7 .8

0 3 -6 8

2 .5

2 .7

3 .0

3 .3

3 .7

3 .7

4 .0

4 .1

4 .3

4 .6

4 .5

3 .4

0 4 -6 8

2 .4

2 .6

2 .9

3 .2

3 .5

3 .6

3 .7

3 .8

3 .9

4 .0

3 .8

2 .8

2 .2

2 .5

2 .7

3 .0

2 .9

3 .0

2 .9

2 .8

2 .7

2 .2

1 .1

.0

2 .2 -

1 0 8 .3
1 0 8 .6
1Ò 8.8
1 0 8 .6

0 5 -6 8

2 .1

2 .3

0 6 -6 8

2 .1

2 .3

2 .4

2 .6

2 .9

2 .8

2 .9

2 .8

2 .7

2 .6

2 .2

1 .4

.7

.0

2 .2

0 7 -6 8

2 .0

2 -1

2 .3

2 .4

2 .6

2 .6

2 .6

2 .5

2 .4

2 .3

1 .9

l. l

.6

.0

1 .1

1 0 8 .8
.0

1 0 8 .8
1 0 8 .9

0 8 -6 8

1 .9

2 .1

2 .2

2 .3

2 .5

2 .5

2 .5

2 .4

2 .3

2 .1

1 .8

1 .1

.7

.3

1 .1

.6

l.l

0 9 -6 8

2 .0

2 .1

2 .3

2 .4

2 .6

2 .5

2 .5

2 .5

2 .4

2 .2

2 .0

1 .4

1 .1

.9

1 .7

1 .5

2 .2

3 .3

1 0 -6 8

2 .2

2 .3

2 .5

2 .6

2 .8

2 .7

2 .8

2 .7

2 .7

2 .6

2 .4

2 .0

1 .7

1 .7

2 .5

2 .5

3 .4

4 .5

0 5 -6 7 0 6 -6 7

0 7 -6 7

0 8 -6 7 09—
67

1 0 -6 7

1 1 -6 7

1 2 -6 7

0 1 -6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8

0 5 -6 8

0 6 -6 8

0 3 -6 7 0 4 - 6 7

1 0 9 .2
5 .7

1 0 9 .7

0 7 -6 8 0 8 -6 8 0 9 -6 8

IN IT IA L MONTH
♦

NUT SEASONALLY ADJLSTED
PREPARED BY FEDERAL RESERVE BA*K OF S T. LOUIS
NOVEMBER 2 7 , 1968
WHOLESALE PRICES - FARM PRODUCTS,AND PROCESSED FOODS AND FEEDS
COMPOUNDED ANNUAL RATES OF CHANGE

TERMINAL
MONTH

IN IT IA L
0 3 -6 7 0 4 -6 7

0 5 -6 7 0 6 -6 7

0 4 -6 7

2 .3
8 .7

2 1 .4

8 .0

1 6 .0

1 3 .9

0 8 -6 7

1 .4

5 .3

.8

0 9 -6 7

1 .3

1 1 -6 7

1 2 -6 7

0 1 -6 8

1 9 5 7 -5 9
0 2 -6 8

0 3 -6 8

0 4 -6 8

0 5 -6 8

0 6 -6 8

100

1 0 3 .4
1 0 5 .0
1 0 6 .8
5 .8

10 7 .3

8 .7 -

2 1 .1 -

1 0 5 .2

4 .5

.9

5 .5 -

1 0 .7 -

1 .1

1 0 -6 7

.8 -

1 .4

2 .0 -

7 .4 -

1 1 .4 -

6 .1 -

1 2 .9 -

1 1 -6 7

1 .7 -

.0

3 .0 -

7 .5 -

1 0 .5 -

6 .7 -

1 0 .4 -

1 0 5 .3
1 0 4 .1
7 .8 -

10 3 .4

1 2 -6 7

.3

2 .0

.3 -

3 .7 -

5 .5 -

1 .1 -

1 .9 -

4 .1

1 7 .5

0 1 -6 8

.8

2 .5

.4

2 .4 -

3 .7 -

.2

.0

4 .7

1 1 .6

5 .9

0 2 -6 8

2 .3

4 .0

2 .3

.0

.8 -

3 .1

3 .5

8 .0

1 3 .8

1 2 .0

1 8 .5

0 3 -6 8

2 .2

3 .7

2 .2

.1

.6 -

2 .8

3 .1

6 .6

1 0 .5

8 .3

9 .5

1 0 4 .8
1 0 5 .3
1 0 6 .8
l. l

1 0 6 .9

0 4 -6 8

1 .9

3 .3

1 .9

.0

.6 -

2 .3

2 .5

5 .3

8 .1

5 .8

5 .8

.0

0 5 -6 8

2 .7

4 .0

2 .8

l. l

.7

3 .4

3 .7

6 .3

8 .9

7 .3

7 .6

4 .2

5 .7

1 3 .1

0 6 -6 8

2 .6

3 .8

2 .6

l. l

.7

3 .2

3 .4

5 .7

7 .8

6 .2

6 .3

3 .4

4 .2

6 .9

l.l

0 7 -6 8

3 .4

4 .6

3 .6

2 .3

2 .0

4 .4

4 .7

6 .9

8 .8

7 .6

7 .9

6 .0

7 .2

1 0 .1

8 .6

1 .1 -

1 0 6 .8
1 0 7 .9
1 0 8 .0
1 6 .7

1 0 9 .4

0 8 -6 8

2 .1

3 .1

2 .1

.7

.4

2 .4

2 .5

4 .2

5 .6

4 .2

3 .9

1 .7

1 .8

2 .6

0 9 -6 8

2 .5

3 .5

2 .6

1 .4

1 .0

3 .0

3 .1

4 .7

6 .1

4 .9

4 .7

2 .9

3 .2

4 .1

2 .0

2 .3

4 .3 -

1 0 -6 8

1 .7

2 .6

1 .6

.4

.1

1 .8

1 .8

3 .2

4 .2

3 .0

2 .7

.8

.8

l. l

1 .1 -

1 .7 -

7. 1-

0 5 -6 7 0 6 -6 7 0 7 -6 7

0 8 -6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7 1 2 -6 7

0 1 -6 8

0 2 -6 8

0 3 -6 8

0 3 -6 7 0 4 - 6 7

IN IT IA L
♦

/

0 7 -6 8 0 8 -6 8 0 9 -6 8

2 2 .6

0 7 -6 7

1 0 -6 7

2 0 .2

0 6 -6 7

C 9 -6 7

MONTH

1 2 .9 -

0 5 -6 7

0 7 -6 7 0 8 -6 7

*

.7 -

0 4 -6 8 0 5 -6 8

1 .6 -

1 7 .1 -

1 0 7 .7
1 0 .5
1. 7 - 1 2 . 5 -

1 0 8 .6
1 0 7 .4

0 6 -6 8 0 7 -6 8 0 8 -6 8 0 9 -6 8

MONTH

NOT SEASONALLY ADJL$TEC




PREPARED BY FEDERAL RESERVE BAMK OF S T . LOUIS
NOVEMBER 27, 1968

1
5

G en eral Price Index

Ratio Scale

Ratio Scale

1958=100

1958=100

* As used in N ational Income Accounts
Source: U.S. D epartm entof Commerce
Percentages are annual rates of change between periods indicated.They are presented to aid in
comparing mostrecentdevelopments with p a s ftre n d s .”
Latest data plotted: 3rd quarter
Prepared by Federal Reserve BankofSt.Louis

IM P L IC IT PRICE DEFLATOR FOR GROSS NATIONAL PRODUCT
___________ COMPOUNDED ANNUAL RATES OF CHANGE_____________
TERMINAL
QUARTER

IN IT IA L
0 4 -6 3 0 1 - 6 4

0 1 -6 4

0 2 -6 4

0 3 -6 4

0 4 -6 4

0 1 - 6 5 0 2 -6 5

0 3 -6 5

0 4 -6 5

QUARTER
0 1 -6 6

1 95 8 /

0 2 -6 6

0 3 -6 6 0 4 -6 6 0 1 -6 7 0 2 -6 7

100

0 3 -6 7 0 4 -6 7 0 1 -6 8 0 2 -6 8

1 .5

1 0 8 .2

0 2 -6 4

1 .3

l.l

0 3 -6 4

1 .6

1 .7

2 .2

1 0 8 .5

0 4 -6 4

1 .7

1 .7

2 .0

1 .9

1 0 9 .6

0 1 -6 5

1 .8

1 .9

2 .1

2 .0

2 . 2 ____________________________________________________________________________________________________________________________ 1 1 0 .2

0 2 -6 5

1 .8

1 .9

2 .0

2 .0

2 .0

1 .8

0 3 -6 5

1 .7

1 .7

1 .8

1 .7

1 .7

1 .5

0 4 -6 5

1 .7

1 .7

1 .8

1 .8

1 .7

1 .6

1 .5

1 .8

0 1 -6 6

1 .8

1 .9

2 .0

2 .0

2 .0

1 .9

1 .9

2 .4

2 .9

0 2 -6 6

2 .0

2 .1

2 .2

2 .2

2 .2

2. 3

2 .4

2 .8

3 .3

3 .6

0 3 -6 6

2. 1

2 .2

2 .3

2 .3

2 .4

2 .4

2 .5

2 .9

3 .3

3 .4

3 .2

0 4 -6 6

2 .2

2 .3

2 .4

2 .5

2 .5

2 .6

2 .7

3 .0

3 .3

3 .5

3 .4

3 .5

0 1 -6 7

2 .3

2 .4

2 .5

2 .5

2 .6

2 .6

2 .7

3 .0

3 .2

3 .3

3 .2

3 .2

2 .8

0 2 -6 7

2 .3

2 .3

2 .4

2 .5

2 .5

2 .5

2 .6

2 .9

3 .0

3 .1

2 .9

2 .8

2 .5

2 .1

0 3 -6 7

2 .4

2 .4

2 .5

2 .6

2 .6

2 .7

2 .8

3 .0

3 .1

3 .2

3 .1

3 .1

2 .9

3 .0

3 .8

0 4 -6 7

2 .5

2 .6

2 .7

2 .7

2 .8

2 .8

2 .9

3 .1

3 .3

3 .3

3 .3

3 .3

3 .2

3 .4

4 .0

4 .1

o
•
o
00

1 0 9 .1

2 .6

2 .6

2 .7

2 .8

2 .8

2 .9

3 .0

3 .2

3 .3

3 .4

3 .3

3 .4

3 .3

3 .5

3 .9

3 .9

1 1 0 .7
l. l

1 1 1 .0
1 1 1 .5
1 1 2 .3
1 1 3 .3
1 1 4 .2
1 1 5 .2
1 1 6 .0
1 1 6 .6
1 1 7 .7
1 1 8 .9
3 .8

1 2 0 .0

0 2 -6 8

2 .6

2 .7

2 .8

2 .8

2 .9

3 .0

3 .1

3 .3

3 .4

3 .5

3 .4

3 .5

3 .4

3 .6

3 .9

4 .0

3 .9

4 .1

0 3 -6 8

2 .7

2 .8

2 .9

2 .9

3 .0

3 .0

3 .1

3 .3

3 .4

3 .5

3 .5

3 .5

3 .5

3 .6

3 .9

3 .9

3 .8

3 .9

0 4 -6 3 0 1 -6 4

0 2 -6 4

0 3 - 6 4 0 4 -6 4

0 1 -6 5

0 2 -6 5

0 3 -6 5

0 2 -6 6 0 3 -6 6

0 4 -6 6

0 1 -6 7

0 2 -6 7




0 4 -6 5 0 1 -6 6
IN IT IA L

1 2 1 .2
3 .7

1 2 2 .3

0 3 -6 7 0 4 -6 7 0 1 -6 8 0 2 -6 8

QUARTER
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
NOVEMBER 15. 1968