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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (205701)	11/19/2002 3:23:40 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Anthony L. Karydakis, Director, Senior Analyst at BankOne: "The CPI rose 0.3% in October, pushing the year-on-year increase of the index to 2.0% from 1.5%. The core index was up 0.2%, sustaining its year-on-year gain of 2.2%. The reason for the somewhat outsized increase in the overall CPI was a 1.9% surge in energy prices, which was largely due to a 3.8% rise in gasoline prices. Used cars and trucks declined by 1.6%, while new vehicle prices rose by 0.4%. A 3.1% decline in tobacco prices helped drag the “other” category in the CPI down by 0.5%. Medical care costs rose by a robust 0.6%, but this is not totally out of line for a component that has been routinely running at a pace double that of overall inflation. All in all, there is nothing to worry about in the CPI data that would challenge the premise that inflation is most definitely not an issue in this environment." . US: October prices data do not sound like deflation (BNP Paribas) Last week and today's reports from the Bureau of Labour statistics showed that in October the development in prices was far from sounding like deflation. While import prices remained soft, rising by 0.1% and actually declining by 0.1% when petroleum products are excluded, producer prices jumped, rising by 1.1% in October. Energy prices were a big contributor to this acceleration, but not the only one. Excluding energy, producer prices were up by 0.5%, the highest rate since January 2001. Consumer prices were up by 0.3%, with only the third of that rate coming from energy. The core index, that excludes food and energy, was up by 0.2%. Full Story