Apparel Prices Drop Again in March

After slowing in February, U.S. apparel price deflation reared its ugly head again in March, according to data released Wednesday by the U.S. Bureau of Labor Statistics.

The combined consumer price index for apparel and footwear dipped by 0.6% compared to March 2015. 

Inflation for all items increased by nearly 1 percent year-over-year, almost even with February’s rise. Taking food and energy out of the mix, the increase was 2.2%, due primarily to increases in housing and medical service costs.

CPI1

Prices for apparel fell by almost 1 percent, as retailers resorted to price promotions and couponing to try to coax reluctant shoppers into stores. Footwear prices increased by 0.4%.

CPI2

Women’s apparel prices were virtually flat, while men’s prices plunged by 3.7%.

CPI3

While boys’ apparel prices fell 1.7%, prices of girls’ apparel edged down only slightly. Infants’ and toddlers’ prices dipped by 0.2%.

CPI4

Related Article
Apparel Spending Sputters in Late 2016

Newsfeed


Recent News

Apparel Stories From Around the Web: Retail Tech, Activism & Production Innovations

This week the apparel industry dabbled in new fashion technologies, discussed venture capital trends and debated about the survival of America’s department stores.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more