USA: Apparel Prices Near Four Year Low
Apparel prices in the US have fallen to almost their lowest level for four years as more and more clothing firms switch to cheap offshore manufacturing and fierce competition forces stores to slash prices. According to the latest consumer price index report from the US Department of Labour, clothing prices slipped one per cent last month following a 0.9 per cent slide in June and a 0.6 per cent fall in May.
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