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Inflation Hit 6.8 Percent In 1977, Labor Says
The Labor Department reports consumer prices rose 0.4 percent in December, lifting 1977 inflation to 6.8 percent. Higher food costs driven by winter crop issues pushed full year inflation, while December showed cooling in the second half. Government foresees similar pace in 1978 with modest wage and price restraint.
MENTIONED IN THIS ARTICLE
Labor Department
Washington
Gover Ont
Carter
Commerce Department