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Inflation / Europe / Italy #479191

NBC Evening News for Thursday, Sep 05, 1974
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(Studio) Mtg. on economy and inflation to be held in Paris. Finance mins. from France, West Germany, Britain, Japan and United States Secretary Treasury William Simon to be there. American inflation 12%; 6.9% in West Germany; 13.8% in France; 17.1% in Great Britain, and 18.7% in Italy.
REPORTER: John Chancellor

(Rome, Italy) Spaghetti prices up 45%. Govt. orders temporary suspension of pasta price rise. Milk and sugar incrd. 50%. Workers laid off, strikes rampant, and treasurer almost bankrupt. Monetary reserves to be gone by November
REPORTER: Garrick Utley

(Paris, France) President Valery Giscard d'Estaing talks of inflation and fighting it by squeezing credits. Left-wing labor unions will demand big increases this winter.
REPORTER: Garrick Utley

(London, England) Steak $2.50 per pound Fish $1.20 pound Mortgage rates 11.5%. Unemployment to increases by 50% and living standard to go down.
REPORTER: Garrick Utley

Chancellor, John;
Utley, Garrick

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