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Economy / Consumer Prices #54095

ABC Evening News for Wednesday, May 31, 1978
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(Studio) Rise in April consumer prices noted; reasons listed include rises in food prices, especially beef and vegetables.
REPORTER: Harry Reasoner

(Chicago, Illinois) Record jump in beef prices in April reported Details given about reasons, particularly for hamburger. [Livestock and Meat Board spokesperson John L. HUSTON - cites reasons for continued growth in demand for ground beef.] Predictions with regard to ground beef prices and continued demand outlined.
REPORTER: Royal Kennedy

(California) Details given about increases in vegetable prices; lettuce given as ex. Lettuce price fluctuations during last few mos. noted; present prices around Los Angeles stated.
REPORTER: Jim Mitchell

(DC) Details given of other consumer price figs., include upcoming May report that will include American car price hikes. GM's plans to raise price of its Chevette again reported [President inflation adviser Robert STRAUSS - says new figs. underscore need for broad attack on inflation.] President Carter's voluntary restraint program mentioned; comment about this program by Federal Reserve member Henry Wallich quoted.
REPORTER: Dan Cordtz

Cordtz, Dan;
Kennedy, Royal;
Mitchell, Jim;
Reasoner, Harry

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