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Consumer Price Index / Economy News #240096

CBS Evening News for Wednesday, May 21, 1975
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(Studio) Consumer prices increase 0.6% in Apr.; food prices responsible for greatest increase
REPORTER: Walter Cronkite

(DC) Today's figures more in line with predicted rates of inflation. In Feb., and March, food prices unexpectedly declined but started back up in April. However, sugar prices down. From Apr. `74 to Apr. `75, consumer price index rose 10.2.; purchasing power of Americans during same period fell 4.1%.
REPORTER: George Herman

(Omaha, Nebraska) Meat production down; costs climbing in supermarket Beef prices at highest level in 18 mos. [Omaha stkyd. president Robert McCREIGHT - says retail beef prices must rise as beef prices at stkyd. increase]
REPORTER: Sharron Lovejoy

(Studio) Govt. reports orders for durable goods increase 9.8% in Apr.; sharpest incr. since December `67.
REPORTER: Walter Cronkite

Cronkite, Walter;
Herman, George;
Lovejoy, Sharron

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