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To: Aljorma who wrote (17258)	5/15/1999 3:46:00 PM
From: Vendit™	Read Replies (1) of 41369

Aljorma, I'm not sure but I'm looking. Economists Not Worried - 5:57 PM EST - TK The experts said the high CPI number was a one-time event caused by rising oil prices. Remember that the experts can be wrong, and they were all surprised by the CPI number this morning. All eyes on the Fed meeting next week. "If there is a blip in production costs or commodity prices, that's another thing," said Standard and Poor's retail analyst Karen Sack. "But right now, it's so competitive, retailers can't raise prices." The CPI jumped 0.7 percent in April, the Labor Department reported Friday. Many economists agree the 1.5 percent increase in apparel prices that -- along with rising energy costs -- propelled the consumer price index to its biggest increase in more than eight years, is just a blip on the screen. About half of the April CPI increase was a result of soaring gasoline prices, with overall energy prices 6.1 percent higher. "It's going to take a lot more than one month to convince me we are in a worrisome trend," Resler said. The economist contends April's increase is just an economic balancing act. - CnnFn.com tigerinvestor.com

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