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Economy / Consumer Prices / Housing Costs #48683

ABC Evening News for Friday, May 20, 1977
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(Studio) White House notes .8% rise in consumer prices in April isn't good; problem is long-term trend.
REPORTER: Harry Reasoner

(DC) Details with regard to price increases noted. Labor Department notes food and fuel are 2 major factors in rise. Price hikes threaten President Carter's political support and economy plan.
REPORTER: Dan Cordtz

(Studio) High cost of buying home prices some young people out of picture, but not all.
REPORTER: Harry Reasoner

(Bartlett, Illinois) Report on rising cost of buying house [Bud MOORE - had to be now or never.] [Sharon MOORE - cites price rise within 2 mos.] This is in Chicago suburb of Brook Farm. Commerce Department rates with regard to rises noted. [Inland Steel Dvt. Corporation Vice President Edward KIRK - cites reasons for increases] [WOMAN - would rather put money into own home, hoping to get it back, than to rent.]
REPORTER: Ron Miller

Cordtz, Dan;
Miller, Ron;
Reasoner, Harry

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