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(Studio) Inflation rate in April said lowest in 15 mos'. Prime rate given. Consumer Price Index given.
REPORTER: Walter Cronkite
(NYC) Food, housing, clothing and transportation cost increases given. Cut in prime rate by Citibank reported Much of drop said from slowdown in economy [Econ. Gary SHILLING - says if everyone rushes back to making purchases, inflation spiral will resume.] Expectation food and oil prices will increase again this year noted.
REPORTER: Ray Brady
- Brady, Ray;
- Cronkite, Walter
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