ABC Evening News for Friday, Apr 28, 1978
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(Studio) Meat prices, hsing. costs reported as major items in rise of Consumer Price Index in March.
REPORTER: Harry Reasoner
(DC) Figs. said bad for President Carter and consumers. Clothing cited as item in rise. Food, hsing. costs noted, as well as farm prices. Hike in prime int. rate by Chase Manhattan Bank reported Reduction in average spendable income explained.
REPORTER: Dan Cordtz
(Sioux City, Iowa) Iowa cattle farm cited. March 1973 boycott of meat blamed by farm owner for farm crisis. Drop of meat prices in 1974 and 1975 credited with cut in cattle production. Smaller herds now mean less meat and higher meat price. [Cattle rancher Glen GREG - is pleased.] National Cattleman's Association quoted re:- prices. [Consumer activist Bertha KRAVITZ - predicts people won't buy meat.] Agriculture Department prediction of yet higher prices noted.
REPORTER: Royal Kennedy
(DC) Hike in Soc. Security benefits to meet higher cost of living reported Price increase of General Motors Corporation cars noted.
REPORTER: Tom Jarriel
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