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Commodity inflation drives 1973 price surge, experts say
A collage of views argues that a worldwide commodity price boom, not wages, propels inflation in 1973. Moody’s and other indexes show double-digit jumps in wood, corn, hogs, steel scrap, and rubber as supply shocks, weather, copper strikes, and dollar devaluation amplify costs.
MENTIONED IN THIS ARTICLE
Merina N. Whitman
President’s Council of Economic Advisers
Bureau of Labor Statistics
Economist
Lonton
Associated Press
U.S
Nixon
Britain
House of Commons
Harold Wilson
Edward Heath
Heath
the Treasury
George P. Shultz
Chicago
Singapore
Organization For Economic Cooperation and Development
United States
Chile
Peru
Marvin Kosters
Cost of Living Council
Causra
John J. Dunlop
Nathaniel Goldfingéh
American Federation of Labor
Congress of Industrial Organizations
Goldfinger
Sidney L. Jones
Commerce
Earl L. Butz
Arthur F. Burns
Federal Reserve Board