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Economy / Price Incrs. #484440

NBC Evening News for Thursday, Aug 21, 1975
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(Studio) gross national product up 1.6% in 2nd quarter Some say recession over. Cost of living up 1.2% in July. Food prices up 1.9% in July.
REPORTER: Tom Brokaw

(DC) Fresh fruits and vegetables, poultry and meat up highest. Food prices to increase 9% in 1975. [Agriculture Secretary Earl BUTZ - says record food supplies coming up. Bulk of food costs increase behind us. Expect 1 1/2 increase for rest of year] [National Consumer Congress Aileen GORMAN - says Butz doesn't back up anything he says.] Bad weather and more Soviet sales could affect prices.
REPORTER: Carole Simpson

(Studio) Gasoline prices up 4.3% in July, and used cars repd. 70% of overall incr. Gulf Oil president says gas and oil prices to go up 7-8 cents gallon if oil price controls go off.
REPORTER: Tom Brokaw

Reporter(s):
Brokaw, Tom;
Simpson, Carole
Duration:
00:03:20

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