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Newspaper
Hamiota Echo
Location
Hamiota, Manitoba, Canada
Date
Oct 07, 1976
Page
7
After one year the anti inflation program reduced consumer price growth from 10.6 percent to 6.2 percent by August 1976. Unavoidable energy and tax rises may alter the pace, but the 8 percent ceiling is on track. Wage and income rises are restrained and buying power improves overall.
The second year aims to push inflation below 6 percent by simplifying controls on prices and profits and offering investment credits. Wages are limited to 6 percent plus 2 percent tied to productivity, with governments trimming spending to curb costs. The program runs through 1978 as cooperation grows and growth, jobs, and purchasing power are protected.
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