Newspaper article The Christian Science Monitor

Events

Newspaper article The Christian Science Monitor

Events

Article excerpt

SLIGHT RISE IN CONSUMER PRICES

Consumer prices edged up a tiny 0.1 percent in May as the biggest drop in energy costs in 14 months helped to offset a sharp jump in food prices, the government said June 15. The small advance in the Labor Department's Consumer Price Index was welcome news after a worrisome 0.4 percent April surge. The Clinton administration is hoping that an easing of inflationary pressures will convince the Federal Reserve that it has no need to boost interest rates. So far this year, consumer prices are rising at an annual rate of 3.5 percent, only slightly faster than last year's 2.9 percent rise. Many analysts believe that inflation will ease even further as the year progresses, reflecting the sub-par economic recovery and the absence of wage pressures. Haiti `reinstates' Aristide

The Haitian parliament on June 15 recognized the legitimacy of ousted President Jean-Bertrand Aristide and voted to let him choose Haiti's next prime minister. But the lawmakers fixed no date for the elected leader's return from exile and attached conditions that Aristide long has rejected, including an across-the-board amnesty for the Army that toppled him in September 1991.

Since the coup, Haiti's economy has been ravaged by a trade embargo imposed by the Organization of American States. The United States and others are working to further isolate the regime by imposing similar UN sanctions. Germany's Somalia role

Germany's opposition Social Democrats challenged the deployment of German troops in Somalia June 15 by taking their complaint to the country's Constitutional Court. They demand the return of 262 troops already in Somalia and the blocking of a planned deployment of 1,700 troops. The deployments are unconstitutional, they argue, because Somalia is a case involving combat and not merely a humanitarian one. The court expects to rule on the matter in several days. Cambodian prince flees

Cambodia's secessionist prince, Norodom Chakrapong, crossed into Vietnam June 15, a UN military spokesman said. …

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