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Cost of Living #464705

NBC Evening News for Wednesday, Jun 21, 1972
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(Studio) Cost of living increases .3% in May, despite drop in food prices. prices are rising at slightly slower (3%) annual rate under Phase 2 controls.
REPORTER: John Chancellor

(DC) Since week when food prices were collected, they have risen. Price Commission worries about effects of food price on inflation. Cost of Living Council has power to impose controls but hesitates to create more bureaucracy. Council advises consumers to stop buying so much meat.
REPORTER: Irving R. Levine

(Studio) Bureau of Labor Statistics reports cost of living increase in May exceeds purchasing power ofavenueworker.
REPORTER: John Chancellor

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:02:30

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