Year
Average
Per
Cent
1900 . . .
4.05
1901 . . .
3.90
1902 . . .
3.86
1903 . . .
4.07
1904 . . .
4.03
1905 . . .
3.89
1906 . . .
3.99
1907 . . .
4.27
1908 . . .
4.22
1909 . . .
4.06
Year
Average
Per
Cent
1910 . . .
4.16
1911 . . .
4.17
1912 . . .
4.21
1913 . . .
4.42
1914 . . .
4.46
1915 . . .
4.64
1916 . . .
4.49
1917 . . .
4.79
1918 . . .
5.20
1919 . . .
5.29
Year
Average
Per
Cent
1920 . . .
5.79
1921 . . .
5.57
1922 . . .
4.85
1923 . . .
4.98
1924 . . .
4.78
1925 . . .
4.67
1926 . . .
4.51
1927 . . .
4.31
Source: The Statistical ^Bulletin of The Standard Statistics Company, Inc., 1929-1930,page 58.
The Wholesale Price Indexes used in making correlations are the indexes of the UnitedStates Bureau of Labor Statistics given in Table II.
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