Apparel prices continued to decline in November

Apparel prices continued to decline in November

US apparel prices continued to decline in November, both year-on-year and from the prior month. 

According to the US Bureau of Labor Statistics, the apparel index edged down 0.3% on a seasonally adjusted basis in November, and fell 1.5% before seasonal adjustment over the last 12 months. 

The US Consumer Price Index for All Urban Consumers (CPI-U) was unchanged on a seasonally adjusted basis in November. Over the last 12 months, the all items index climbed 0.5% before seasonal adjustment. 

The index for all items less food and energy edged up 0.2% during the month – the same increase as in September and October. On an annual basis, the index for all items less food and energy increased 2%, its largest 12-month increase since the year ending May 2014.