JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, July 3, 1997 - May 19, 1998 (a graph)

* Annual Smoothed percent -13.34

Latest Weekly Figure: May 15

(2)DAILY INDEX

1 Mo. ago 95.8

3 Mo. ago 95.7

Year ago 106.4

5/06 95.8

5/07 95.7

5/08 95.8

5/11 95.7 5/12 95.6 5/13 95.5 5/14 95.5 5/15 95.3

5/18 95.0

5/19 94.6

(3) TEXTILES

* Annual Smoothed percent -8.20

1 Mo. ago 90.0

3 Mo. ago 92.1

Year ago 97.7

5/08 90.8 5/11 90.9 5/12 90.8

5/13 91.1 5/14 91.1

5/15 91.1

5/18 91.2

5/19 91.2

(4) METALS

* Annual Smoothed percent -16.52

1 Mo. ago 89.6

3 Mo. ago 85.7

Year ago 101.2

5/08 88.4 5/11 87.7 5/12 87.6 5/13 87.0 5/14 87.0

5/15 86.8

5/18 86.7

5/19 85.8

(5) CRUDE OIL & BENZENE

* Annual Smoothed percent -26.00

1 Mo. ago 74.3

3 Mo. ago 76.1

Year ago 86.9

5/08 74.0

5/11 74.1 5/12 73.6 5/13 73.3 5/14 73.6 5/15 73.0

5/18 71.6

5/19 70.1

(6) MISCELLANEOUS

* Annual smoothed percent -7.65

1 Mo. ago 120.6

3 Mo. ago 121.3

Year ago 130.7

5/08 121.2 5/11 121.8 5/12 121.7 5/13 122.0

5/14 121.9 5/15 121.9

5/18 121.7

5/19 122.2

Commodity Base 1990 = 100

AT 52-WEEK HIGH: Red oak.

AT 52-WEEK LOW: Polyester, copper, benzene.

ADVANCES: Cotton, hides, rubber, aluminum.

DECLINES: Lead, zinc, copper, benzene, tin, crude oil.

1996 High: 111.7 1996 Low: 104.8

1997 High: 109.2 1997 Low: 98.1 1998 High: 98.1 1998 Low: 94.6 (new low Tuesday)

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