US apparel prices continued to fall in May
US apparel prices continued on their downward trajectory in May, the latest figures show, contrasting with an overall rise in consumer prices.
The apparel index declined 0.5% on a seasonally adjusted basis in May, and was down 1.5% before seasonal adjustment over the last 12 months, according to the US Bureau of Labor Statistics.
In contrast, the US Consumer Price Index for All Urban Consumers (CPI-U) climbed 0.4% on a seasonally adjusted basis in May. Over the last 12 months, the all items index was unchanged before seasonal adjustment, after showing a 0.2% drop for the year ending April.
The index for all items less food and energy edged up 0.1% in May, its smallest increase since December. On an annual basis, the index increased increased 1.7%, down from the 1.8% rise for the 12 months ending April.
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