US: Apparel pricing down for sixth month running
Apparel pricing in the US declined for the sixth successive month in February, according to the latest figures.
The Consumer Price Index for All Urban Consumers (CPI-U) was up 0.1% overall on a seasonally adjusted basis in February, the US Bureau of Labor Statistics said, and has risen 1.1% over the past year without seasonal adjustment.
The index for all items less food and energy was also up 0.1%, but the index for apparel was down 0.3%, mirroring the decline reported in January.
February’s apparel decline was the sixth in a row, with apparel pricing falling 0.6% over the past year before seasonal adjustment.
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