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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (13224)	6/16/1998 9:27:00 AM
From: JD	Respond to of 116791

Change of pace. 1. Oversees markets down and gold up $2.70 2. This news from quote.yahoo.com Tuesday June 16, 9:08 am Eastern Time U.S. consumer prices up in May, energy rebounds WASHINGTON, June 16 (Reuters) - U.S. consumer prices rose in May at their fastest pace in a year and a half as energy prices rebounded from a five-month slump, the Labor Department said on Tuesday. The Consumer Price Index, the government's main inflation gauge, rose 0.3 percent in May after a 0.2 percent rise in April. Stripping out volatile food and energy costs, core CPI rose 0.2 percent after a 0.3 percent increase in April. May's CPI gain was the largest since a matching 0.3 percent rise in December 1996. It exceeded Wall Street economists' forecast for a 0.2 percent rise, although the core CPI was as expected. Energy costs climbed 0.3 percent in May after falling for five straight months. An increase in prices of fresh fruits and vegetables helped push up food prices, which rose 0.6 percent in May, the largest gain since October 1996. Also at play in the May CPI increase was a 1.7 percent increase in tobacco prices, part of previously announced price hikes announced by tobacco firms in anticipation of costs associated with proposed anti-smoking legislation. Apparel costs rose 0.4 percent, while housing costs increased 0.3 percent. In the 12 months ended in May, the CPI rose at an annual rate of 1.7 percent, up from 1.4 percent in the year ended in April.