Apparel pricing declined 0.2% month-on-month

Apparel pricing declined 0.2% month-on-month

Apparel prices in the US dropped in August, following three consecutive months of growth, according to new figures.

The US Consumer Price Index for All Urban Consumers (CPI-U) dropped 0.2% on a seasonally adjusted basis in August, the US Bureau of Labor Statistics announced. This translates into a 1.7% year-on-year increase before seasonal adjustment.

Apparel pricing declined 0.2% month-on-month, and remained flat over the last 12 months.

The index for all items less food and energy increased in August by just 0.1%, unchanged on July.

On an annual basis, it was up 1.7%, compared to a 1.9% increase in July.