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Food Price Increases #258111

CBS Evening News for Tuesday, May 30, 1978
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(Studio) Report on reasons for higher food costs.
REPORTER: Walter Cronkite

(Edison, New Jersey) Complaints with regard to food prices by farmers, store owners and consumers noted. Reason for higher prices stated as primarily food distributors. [Food distributor Milton HEIR - says price of raw commodity will likely decrease from total cost; all other factors contributing to total cost will be there.] Details given about "other factors" and how they affect prices; factors include transportation, pkging. and labor costs. Carter administration response to what they call temporary food price hikes noted. [HEIR - sees prices continuing increase]
REPORTER: Ray Brady

Reporter(s):
Brady, Ray;
Cronkite, Walter
Duration:
00:02:20

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