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To: KZAP who wrote (79241)6/12/1999 10:04:00 AM
From: TsioKawe  Respond to of 119973
 
Inflation talk all hot air??? es were unchanged in May.
Petroleum import prices rose 8.0% in May after a 19.4% surge in April. May was the third straight month that petroleum import prices have seen sharp increases. But excluding volatile petroleum costs, May import prices were up only 0.1%, after falling 0.2% in April, the department said.

Imports of automotive products saw slight price gains last month, but prices of imported capital goods and consumer goods other than autos fell.

The biggest gain in import prices was industrial supplies and materials, which rose 2.8% in May after a 4.6% jump in April. Prices of foods, feeds and beverages rose 0.7% in May after a 0.5% gain in April.

U.S. export prices were unchanged in May after rising a revised 0.3% in April. Previously, April export prices were reported as up 0.2%. The biggest gains in May export prices were in foods, feeds and beverages, which rose 0.7% after a 1.0% rise in April, and in industrial supplies and materials.