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Food price forecast for 1972 from Agriculture Dept
The Agriculture Department predicts household food costs will rise about 4 percent in 1972, with all food prices up 4 to 4.5 percent. Posts note first quarter 1972 prices were about 5 percent higher than 1971, and meat prices may push the year’s gains higher. Pork and beef are seen rising sharply, poultry and eggs slower, dairy mixed, vegetables modest, and fruit and potato prices likely to edge up.
MENTIONED IN THIS ARTICLE
Don Kendall
Associated Press
Washington