Word: nonfood
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Most nonfood prices are zooming too. As many as 50% of the families in some suburbs around Stockholm have had to seek special state aid to pay leaping rents. Auto traffic in Barcelona and Madrid now thins noticeably during the last week of each month, because until the next monthly paycheck arrives many Spanish motorists are too broke to buy gasoline at 52? a gallon, up 25% in two years...
Apparently satisfied that he had disposed of part of his price problem, the President took a more activist line on the cost of nonfood commodities, which have begun to rise at a worrisome rate. Wholesale prices of industrial commodities, such as copper, lead, zinc and lumber, jumped 1% last month. In this case, buyer power is definitely not the solution: the increases have occurred largely because manufacturers are scrambling to purchase materials to take care of expected increases in production. So Nixon announced that, to help keep prices down, the Government will sell off some of the $6.5 billion worth...
...Administration that prices can be reined in enough under present conditions. TIME Washington Correspondent Lawrence Malkin reported last week that a survey by the Bureau of Labor Statistics concludes that the consumer price index for 1972 could well rise as much as it did last year (3.4%); more important, nonfood commodities (the area covered by Phase II controls) could well rise 3%. On top of the continuing rises expected for utility rates and interest rates, the prices of manufactured goods are now expected to inch up later this year. At a meeting this week, the Price Commission will examine several...