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Economy / Inflation #462251

NBC Evening News for Thursday, Dec 07, 1972
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(Studio) Wholesale prices up .6% for November
REPORTER: John Chancellor

(DC) Before Nixon imposed economy controls, wholesale price index rose 4%. In 1st year of phase II controls, wholesale prices up 5.4%. Wages up 4.7%. Food prices up 3.1% before controls; up 10.3% since controls. Officials say poor crops caused rise. Industrial prices up 4.4% before controls; up 3.7% with controls. But increases expected next month because of steel, auto and oil prices, which recently rose. Admin. says prices would have gone up more without controls.
REPORTER: Irving R. Levine

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:01:40

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