Finally, Apparel Prices Rise

Print Friendly, PDF & Email

Inflation continued to edge higher in January, lifted by higher costs for housing, gasoline and medical services. Food prices may have remained flat, but apparel prices had their biggest monthly average increase in more than two and a half years.

According to Consumer Price Index (CPI) data released Wednesday by the U.S. Department of Commerce, prices for all goods and services rose by 2.5% (adjusted for seasonality) compared to the same month last year. That was the biggest jump in inflation in almost four years, with the core rate of inflation—which excludes food and energy price moves—rising 2.3%.

The index for apparel and footwear, reversing its recent downward trend, increased by 1 percent. 

Apparel prices (excluding footwear) also rose 1 percent compared to January 2016. Footwear prices rose by 0.9%.

Womenswear prices increased by 2.1% in the month, while menswear rose by 1 percent.

Children’s apparel suffered a 2 percent price decline, driven by downward pressure on boys’ and infant’s apparel prices.


Recent News

Consumers Aren’t Out of Reach, Your Marketing is Just Out of Date

While traditional marketers might be losing sleep trying to figure out how to pin down today's distracted consumer, Adidas and Roots are using technology to develop new ways to capture shoppers’ attention.

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

Report: Fewer Risks, More Rewards for Socially Responsible Apparel

A recent report by A.T. Kearney highlights the ways in which sustainability can lead to profitability, using apparel companies currently employing these tactics as case studies.

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

Tommy Hilfiger on Innovation, Instant Gratification and Courting the Instagram Generation

Tommy Hilfiger credits his brand's staying power to tapping into the fountain of youth, whether that means teaming with Gigi Hadid or jumping on nascent AI technology.

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