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Politics : Idea Of The Day
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To: Lee who wrote (26182)5/12/1999 3:32:00 PM
From: Lee  Read Replies (1) of 50167
 
Import/Export Prices for April

Import prices for April = +0.8%
Export prices for April = +0.2%
dismal.com
Like last month, spiking oil prices are the top story in April. A tremendous 18% rise in imported petroleum prices is driving the strong 0.8% increase in overall import prices. This comes on the heels of 11% inflation in imported oil last month.

Export prices increased for the first time since last November. Behind this increase was a rise in the prices of both agricultural and non-agricultural exports. April's 0.3% rise in non-ag exports was only the second such increase in the past sixteen months.

We might not be getting tame PPI & CPI numbers tomorrow and Friday since core prices on PPI do include manufacturer's costs, (drywall), and services costs are trending upward, (in CPI).

REALITY CHECK: US DEMAND FOR DRYWALL ON FIRE, PRICES SOARING
economeister.com
-Bottlenecks a "Nightmare"; Contractors Desperate for Drywall --Manufacturers' Prices Up 15%; Up 40-48% for one Distributor --Warm Winter, Undercapacity Contribute to Shortages

"The housing market has been robust for a number of years now," Duffy said. "Most projections called for 1.45 million starts last year and we came out at 1.6 million -- and this year is looking like another great year."
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