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Economy / Prices / Simon #488800

NBC Evening News for Tuesday, Jun 22, 1976
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(Studio) Consumer prices up .6% in May. Food prices up sharply. purchasing power incrd. slightly. Figures reflect annual inflation rate of over 7%.
REPORTER: John Chancellor

(Studio) Report on economy
REPORTER: David Brinkley

(Chicago, Illinois) Beef prices up 5% in May. Pork and poultry prices also up. [Livestk. and meat board John BUSTON - says higher prices reflect shortage of livestk.] Livestk. supplies up for most of year, which will lower meat prices.

(Houston, Texas) National average price of gasoline up 1› per gallon [Conoco Tom SIGLER - says prices up due to incrd. usage.] Some oilmen feel gasoline prices will increase another 3› at peak of summer driving season and level off after that.
REPORTER: George Lewis

(Studio) Treasury Secretary William Simon says another round of inflation is greatest danger to economy expansion and creation of more jobs.
REPORTER: David Brinkley

Brinkley, David;
Chancellor, John;
Lewis, George;
O'Brien, Pat

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