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ОРТ (13.05.1995)

P516 516 TELEINF 19:37:22 was taken for political reasons in the wake of the government's drubbing in last week's l.cal elections in England and Wales and marked the start of a relaxation of the government's anti-inflation policies. Clarke said earlier on Thursday that the government stood by its aim of trying to get underjying inflation down to 2.5 percent by the spring of 1997. INFLATION INDEX SHARP UP WASHING$ON - The government's producer price index, a key inflation guide, rose by 0.5 percent in April, the biggest increase in five months. Most analysts had expected the rise to be a lor less. The 0↑5 percent jump follows no chan'e at all in March and 0.3 percent gains in January and February. For the year as a whole, the index showed see next page >>>

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