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To: DMaA who wrote (20678)	1/12/1999 10:08:00 PM
From: Jack Colton	Respond to of 77397

Thank you very much for the clarification. I had not heard about the cigarette effect. That explains it a lot better. jc

To: DMaA who wrote (20678)	1/16/1999 9:19:00 AM
From: nihil	Read Replies (1) \| Respond to of 77397

As expected, a sharp rise in tobacco prices related to the recent industry settlement boosted the PPI. Cigarette prices soared 30.7%. If not for that, the core PPI would have dropped 0.1%, the Labor Department said. There is no inflation in this system -- dominated by falling tech product prices -- and semis f.i. are not even corrected for increased productivity. Real industrial prices are decreasing steadily The tobacco situation is obviously a politically induced change.