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To: freelyhovering who wrote (3786)	11/18/1997 7:40:00 AM
From: Dave H	Respond to of 4701

Thanks Myron, though as you can see my ability to type dropped faster than the dow's recent correction as it got later at night! ;) -dave

To: freelyhovering who wrote (3786)	11/18/1997 9:06:00 AM
From: Instock	Respond to of 4701

U.S. consumer prices inch up 0.2 percent in Oct WASHINGTON, Nov 18 (Reuters) - Prices charged to U.S. consumers inched up in line with forecasts in October, the Department of Labor said in a report on Tuesday, indicating that inflation in the world's top economy remains at bay. The Consumer Price Index, the government's most widely-used inflation gauge, rose 0.2 percent after an identical rise in September. The core rate of inflation, which strips out more volatile food and energy prices, also rose at a steady rate of 0.2 percent. The increases in both the overall and the core rates were exactly in line with analysts' expectations on Wall Street. So far in the first ten months of the year, the CPI has risen at a 1.8 percent annual rate, significantly below the 3.3 percent increase registered for all of 1996. Over the 12 months to Oct. 31, consumer prices were up 2.1 percent. Energy prices climbed 0.1 percent in October, down from September's 1.3 percent jump, as natural gas prices rose 2.4 percent but gasoline prices declined 0.6 percent. Airline fares rose 3.8 percent, the biggest advance since a 4.5 percent increase in March. Food prices also remained under control, rising 0.2 percent, while tobacco prices jumped 1.5 percent after a 1.4 percent gain in the month before. Both apparel and medical prices rose a modest 0.1 percent in October. The report came amid heightened concern among Federal Reserve policy makers that stronger wage pressures in the nation's tight labor market may cause inflation to blip up.