Retail Prices Rise Rapidly in Many Countries

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Inflationary trends in sevoral overseas countries are evident in the figures relating to changes in reteil prices published in the December issue of the Ministry of Labour Gazette. The most striking case is that of Spain where the retail price index for the third quater of 1963 was 11.1 points up on that of a year previous, The index for food only was 12.2 points up. (1958 equals 100), Other oxamples are France, up 9.9 points (all items) and up 10.9 (food), with a base 1956-7 equals 1003 and Israel, where the index (all items) was up 8.3 points in the second quarter compared with tho same quarter 1962, In most Buropean countries food prices are rising more rapidly than those for all retail items,