JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, Jan. 24, 1997 - Jan. 15, 1998 (a graph)



* Annual Smoothed percent -16.77

Latest Weekly Figure: January 9

(2)DAILY INDEX

1 Mo. ago 98.8

3 Mo. ago 105.6

Year ago 108.6

1/2 98.1 1/5 97.8 1/6 97.6 1/7 97.1 1/8 97.0

1/9 96.9

1/12 96.8

1/13 96.2

1/14 96.1

1/15 96.2

(3) TEXTILES

* Annual Smoothed percent -5.82

1 Mo. ago 92.5

3 Mo. ago 98.4

Year ago 98.8

1/6 92.8 1/7 93.1 1/8 92.9

1/9 92.8

1/12 94.7

1/13 94.6

1/14 94.6

1/15 94.7

(4) METALS

* Annual Smoothed percent -20.43

1 Mo. ago 89.5

3 Mo. ago 95.7

Year ago 96.9

1/6 88.2 1/7 87.4 1/8 87.6 1/9 87.8

1/12 86.9

1/13 86.9

1/14 87.2

1/15 87.1

(5) CRUDE OIL & BENZENE

* Annual Smoothed percent -16.53

1 Mo. ago 84.7

3 Mo. ago 89.1

Year ago 96.2

1/6 82.7 1/7 82.6 1/8 82.7 1/9 82.4

1/12 81.9

1/13 79.2

1/14 79.3

1/15 78.9

(6) MISCELLANEOUS

* Annual smoothed percent -21.74

1 Mo. ago 122.0

3 Mo. ago 131.6

Year ago 136.6

1/6 120.2 1/7 118.9

1/8 118.4 1/9 118.2

1/12 116.9

1/13 116.5

1/14 115.7

1/15 116.4

Commodity Base 1990 = 100

AT 52-WEEK HIGH: Red oak.

AT 52-WEEK LOW: Crude oil, plywood, hides, zinc.

ADVANCES: Cotton, rubber, tallow.

DECLINES: Aluminum, crude oil, tin.

1996 High: 111.7 1996 Low: 104.8

1997 High: 109.2 1997 Low: 98.1 1998 High: 98.1 1998 Low: 96.1

A smoothed percent change is an annual rate indicating the pace of the group's inflation.

Commodity prices are in Spot Commodities table on page 8A.