UK: Clothing retail price rises slow in August
The rise in prices for clothing in the UK slowed in August compared to a year ago, and despite a slight acceleration of price increases for footwear.
Overall, the UK Consumer Prices Index (CPI) was up 2.7% in the year to August, compared to a 2.8% rise in July, according to figures released by the Office for National Statistics (ONS).
Meanwhile, the Retail Prices Index was up 3.3% in August, compared to a 3.1% rise in July.
Prices for clothing and footwear were up 2%, down from a 2.8% rise a year ago, with the main downward movement coming from garments, and particularly women’s outerwear.
Clothing prices tend to rise in August as autumn collections hit the shops, but this year there was downward pressure on pricing from women’s trousers, formal tops and jackets, as well as skirts and jumpers.
This was partially offset by increases in men’s casual trousers and short-sleeved tops, ONS said.
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