Word: nonfood
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Dates: during 1960-1969
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...persuading free-spending consumers to buy less, borrow less, save more. Since October, Belgium, France, Sweden, The Netherlands and Britain have increased their bank interest rates. France has also clamped some price controls on food and manufactured goods, and Denmark has placed a 9%-sales tax on most nonfood products. In Italy the government's austerity program aims at raising taxes on cars and gasoline, restricting installment purchases. Some manufacturers protest that such measures may brake Europe's boom too hard, but political leaders insist that drastic action is needed to stop the rise in export prices...
...small appliances. Shrinking profits have hit such giant food chains as A. & P., National Tea and Kroger, though some others have relieved the pinch by selling more and more items besides food. The Jewel Tea Co. chain (277 stores) has hiked its profits since it added high-profit-margin nonfood items-including brassieres...