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To: Futurist who wrote (3218)	2/18/1999 9:02:00 AM
From: Futurist	Respond to of 8393

The other article. U.S. Wholesale Prices Jump On Rise In Food, Energy (Last updated 8:45 AM ET February 18) WASHINGTON (Reuters) - Soaring food and energy prices pushed up U.S. wholesale prices at their fastest rate in more than two years, the government said Thursday, but inflation in many other major economic sectors remained mild. The Producer Price Index jumped 0.5 percent in January after a 0.4 percent increase in December, the Labor Department said. January's was the biggest one-month gain since a matching increase in October 1996. It also was well above the 0.1 percent rise forecast by U.S. economists in a Reuters survey. However, the closely watched core PPI, which strips out volatile food and energy costs, eased by 0.1 percent in January after a 1 percent rise in December. Economists had expected the core index to increase by 0.1 percent. Food and energy prices have been extremely soft over the past year because economic problems in Asia, Russia and Latin America have depressed global demand for farm products, oil and an array of other commodities. Prices of food products, which make up nearly one-fourth of the PPI, surged 1.6 percent in January, their biggest gain since a matching rise in April 1993. Prices of energy goods rebounded from two straight months of steep declines, climbing 1.8 percent last month. Soaring gasoline and heating oil costs helped drive the gain, but costs for residential electric power and natural gas also grew. Helping to offset those strong price gains was a 1.2 percent drop in the cost of passenger cars.