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Economy / Price Guidelines #213764

CBS Evening News for Thursday, Nov 11, 1971
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(Studio) Last of phase II guidelines reported.
REPORTER: Walter Cronkite

(DC) 2 1/2% average for price increases [Chairperson Price Commission C. Jackson GRAYSON, Junior - says some prices will go up; others down. Criterion for success depends heavily on voluntary compliance.] Bus. must show incrd. costs to raise prices. Costs can't have gone up during freeze. Retailers must post prices. Service inds. and professionals may not raise fees unless costs incrd. Chart shows wages and prices direction before phase I, during phase I and going into Phase II. Pressures against guidelines already mounting.
REPORTER: Daniel Schorr

Reporter(s):
Cronkite, Walter;
Schorr, Daniel
Duration:
00:02:30

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