CHILEAN CHANGE
Resi<»nation en bloc SAM I AGO. April I ] carry it out. Agence France. Presse reports After 19 months the null tarv junta President Pinochet which the countn found itself when the Popular Unitv Government of the late President Salvador Allende was crushed in September, 1973: galloping inflation has retained its momentum (prices rose 21 per cent lasi month, and were up 370 per cent for all of 1974: unemployment has reached th» alarming level of almost 10 per cent: and wages have not kept up with surging prices Housewives no longer have Io ijuouc for hours to buv everv-da\ essential goods a** they' did during the last months ol Dr Allende's Government. but their purchasing power has declined consider ablv. Since March I the :nimmore than 100.000 escudos (about S2G), but a -andvvich in an ordinarv Santiago cafe costs 2000 escudos (52c). The sombre Chilean situation has been made even darker by the repercussions of the world-wide recession. Chilean copper, the country's main resource, has plunged from $1 per lb early in 1974 to about 44c now.
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Press, Volume CXV, Issue 33815, 11 April 1975, Page 9
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179CHILEAN CHANGE Press, Volume CXV, Issue 33815, 11 April 1975, Page 9
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