Prices seen rising up to fifteen percent under Phase 4
Washington AP reported that Phase 4 Antihinflation measures could push prices for selected foods up to 15 percent. Store executives cited meat, fruit, and vegetables as likely targets while industry leaders warned that increases remain likely despite countermeasures.
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John T. Dunlop
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Dollar opens slightly higher on European markets
The U S dollar edged up in early European trading with gains seen in Tokyo and London as central banks offered mixed support. Bank of Japan purchases and Bundesbank bids supported the dollar while Paris and Zurich markets showed mixed movements. a Lincoln statue feature and local accident report are also noted.
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