News In Brief

Rising US energy prices pushed the producer price index up 0.2 percent last month while costs of other items were, on average, little changed, the Labor Department reported. The increase in the index, which measures inflation pressures before they reach consumers, followed a 0.1 percent decline in October. Not counting volatile energy and food categories, the "core" inflation rate at the wholesale level was flat in November, better than many analysts expected. In October, the core rate was up 0.3 percent.

Formal announcement is expected today of an insurance industry partnership that would become the world's fifth-largest in terms of total assets, a report from Tokyo said. The Yomiuri Shimbun newspaper said Yasuda and Fukoku, two carriers that manage a combined $142 billion business, also would transform themselves from mutual-life to joint stock companies with a view toward a full-blown merger as soon as next spring.

(c) Copyright 1999. The Christian Science Publishing Society

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to News In Brief
Read this article in
https://www.csmonitor.com/1999/1213/p20s4.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us