Inflation tops 10 percent in May as prices rise
Government reports May retail prices up 0.9 percent led by food housing and new cars while overall 1978 inflation runs at 10.2 percent for the year. Real purchasing power fell 1.3 percent from April.
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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 01, 1978
Page
3
Government reports May retail prices up 0.9 percent led by food housing and new cars while overall 1978 inflation runs at 10.2 percent for the year. Real purchasing power fell 1.3 percent from April.
Walter Robert Moehlman, 72, of Park Rapids area, remained jailed in lieu of $50,000 bond awaiting arraignment on three felony counts for selling marijuana to an undercover agent. Authorities allege he sold nearly two pounds in May and again on June 22 at his farm north of Park Rapids.
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