JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, July 18, 1997 - June 3, 1998 (a graph)

* Annual Smoothed percent -9.74

Latest Weekly Figure: May 29

(2)DAILY INDEX

1 Mo. ago 95.7

3 Mo. ago 95.9

Year ago 106.0

5/20 94.7

5/21 95.1

5/22 95.2

5/26 95.0

5/27 95.1 5/28 95.9

5/29 96.1

6/1 96.0

6/2 96.3

6/3 96.3

(3) TEXTILES

* Annual Smoothed percent -5.61

1 Mo. ago 90.8

3 Mo. ago 92.8

Year ago 97.6

5/22 91.0

5/26 91.3 5/27 91.3 5/28 91.3

5/29 91.6

6/1 91.8

6/2 92.5

6/3 92.2

(4) METALS

* Annual Smoothed percent -13.94

1 Mo. ago 88.7

3 Mo. ago 86.1

Year ago 99.6

5/22 86.6

5/26 86.5 5/27 86.4 5/28 86.1 5/29 86.5

6/1 86.8

6/2 86.5

6/3 86.6

(5) CRUDE OIL & BENZENE

* Annual Smoothed percent -19.05

1 Mo. ago 74.4

3 Mo. ago 74.6

Year ago 83.6

5/22 72.0

5/26 71.6 5/27 72.6 5/28 72.3

5/29 72.2

6/1 72.3

6/2 73.0

6/3 72.8

(6) MISCELLANEOUS

* Annual smoothed percent -3.33

1 Mo. ago 120.2

3 Mo. ago 121.9

Year ago 133.4

5/22 122.2

5/26 121.6

5/27 121.5 5/28 125.1 5/29 125.4

6/1 124.3

6/2 124.3

6/3 124.7

Commodity Base 1990 = 100

AT 52-WEEK HIGH: Tin, red oak.

AT 52-WEEK LOW: Polyester, steel.

ADVANCES: Hides, rubber, aluminum, tin.

DECLINES: Cotton, burlap, scrap steel, zinc, lead, 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

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