US apparel prices increased 1.6% in February

US apparel prices increased 1.6% in February

US apparel prices continued on their upward trajectory by growing at their highest level in more than six years in February. 

According to the latest figures from the US Bureau of Labor Statistics, the apparel index increased 1.6% on a seasonally adjusted basis during the month – the largest increase since February 2009. It rose 0.9% before seasonal adjustment over the last 12 months, up from a 0.5% fall last month. 

The US Consumer Price Index for All Urban Consumers (CPI-U) edged down 0.2% on a seasonally adjusted basis in February. Over the last 12 months, the all items index climbed 1% before seasonal adjustment. This was down from the 1.4% increase for the 12 months ending January. 

The index for all items less food and energy edged up 0.3% during the month. On an annual basis, the index for all items less food and energy rose 2.3%, its largest 12-month increase since May 2012.