NBC Evening News for Thursday, Jun 13, 1974
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(Studio) Bureau Labor Statistics reports whsle. prices up 1.3% in May. Ind. prices up 2.7%. Drop of 2.2% in whsle. prices in food and farm products. Report on whsle. climb.
REPORTER: Tom Brokaw
(DC) Whsle. prices up 9.9% in last 6 mos. 20.8% is annual climb. Manufactured items have 14.8% industry increase Incr. is 31.9% for year if rate conts. Fuel prices increase 40.1%. Don't expect rate to reach 96.3% for year [Council Econ. Advisers Herbert STEIN - expects slower increases of consumer prices, because food prices won't be rising.] Wages haven't yet caught up with prices.
REPORTER: Irving R. Levine
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