US apparel prices mixed in January
US apparel prices were mixed in January, rising from December but falling on the same month last year, according to the latest figures.
The US Consumer Price Index for All Urban Consumers (CPI-U) dropped 0.7% on a seasonally adjusted basis in January, the US Bureau of Labor Statistics revealed. But, this translates into a 0.1% year-on-year fall before seasonal adjustment, the first negative 12-month change since the period ending October 2009.
However, apparel prices edged up 0.3% month-on-month on a seasonally adjusted basis, but were down 1.4% year-on-year before seasonal adjustment.
The index for all items less food and energy climbed 0.2% in January after it was unchanged in December from a 0.1% rise in November. On an annual basis, the index increased 1.6%.
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