JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, June 20, 1997 - Apr. 27, 1998 (a graph)

* Annual Smoothed percent -12.36

Latest Weekly Figure: April 24

(2)DAILY INDEX

1 Mo. ago 96.2

3 Mo. ago 96.5

Year ago 105.2

4/15 95.0 4/16 95.1 4/17 95.4

4/20 95.1 4/21 95.4

4/22 95.6

4/23 95.8

4/24 95.9 4/27 95.7

(3) TEXTILES

* Annual Smoothed percent -10.66

1 Mo. ago 91.7

3 Mo. ago 91.2

Year ago 98.6

4/16 90.1 4/17 90.3

4/20 90.1

4/21 90.1 4/22 90.2

4/23 90.0 4/24 90.3

4/27 90.4

(4) METALS

* Annual Smoothed percent -11.06

1 Mo. ago 88.0

3 Mo. ago 89.1

Year ago 97.9

4/16 88.4 4/17 88.6

4/20 88.5

4/21 88.6 4/22 88.9

4/23 89.6 4/24 89.6 4/27 89.2

(5) CRUDE OIL & BENZENE

* Annual Smoothed percent -18.58

1 Mo. ago 76.0

3 Mo. ago 78.7

Year ago 86.4

4/16 75.0

4/17 75.2

4/20 74.4

4/21 74.7 4/22 75.3 4/23 74.3 4/24 74.1 4/27 74.3

(6) MISCELLANEOUS

* Annual smoothed percent -11.34

1 Mo. ago 120.9

3 Mo. ago 119.2

Year ago 129.2

4/16 118.8 4/17 119.4

4/20 119.1

4/21 119.8 4/22 119.9

4/23 120.6 4/24 121.0

4/27 120.2

Commodity Base 1990 = 100

AT 52-WEEK HIGH: Red oak.

AT 52-WEEK LOW: Polyester, scrap steel, plywood.

ADVANCES: Cotton, crude oil.

DECLINES: Tin, hides, copper, zinc, lead, plywood, aluminum.

1996 High: 111.7 1996 Low: 104.8

1997 High: 109.2 1997 Low: 98.1 1998 High: 98.1 1998 Low: 94.7

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.