Apparel prices fell 1.1% month-on-month  in November

Apparel prices fell 1.1% month-on-month in November

Apparel prices in the US fell for the fourth consecutive month in November, registering a deeper decline than the prior month, according to the latest figures.

The US Consumer Price Index for All Urban Consumers (CPI-U) fell 0.3% on a seasonally adjusted basis in November, the US Bureau of Labor Statistics revealed, but translates into 1.3% year-on-year increase before seasonal adjustment.

Apparel prices fell 1.1% month-on-month on a seasonally adjusted basis, and were down 3% from November last year before seasonal adjustment.

The index for all items less food and energy increased 0.1% in November, up slightly from a 0.2% rise in October. On an annual basis, the index grew 1.7%, compared to 1.8% rise for the 12 months to October.