Review of 1966 Price Developments in the Foreign Agricultural Trade of The United States

Excerpts from the report: Price movements commanded more than usual interest in 1966 — and for good reason. During the year ended September 1966, the Consumer Price Index averaged 2.6 percent higher than the year before. The Wholesale Price Index was up 3.4 percent, the Farm Parity Index (i.e., the Index of Prices Paid by Farmers, Interest, Taxes and Wage Rates) was up 3.6 percent, and the Index of Prices Received by Farmers was 8.2 percent above a year earlier. By contrast, the index of the prices (unit values) of 21 leading U.S. agricultural trade commodities showed virtually no change from the preceding year. The aggregate price increase of these commodities averaged only 0.1 percent.