PRICES: A Galloping New Inflation of Fears

A galloping epidemic of inflation jitters has spread through the economy in recent weeks. Public fears of runaway prices have been stirred by the recent leap in fuel, food and other living costs caused by the winter's bitter cold and crop-killing drought in the West. Businessmen and investors also worry about the back-to-back budget deficits (totaling $125 billion this year and in fiscal 1978) that President Carter has estimated as one result of his program to stimulate the economy. Irwin L. Kellner, vice president of Manufacturers Hanover Trust, fears a return to consistent double-digit inflation before the end of...

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