US Apparel Prices Declined in June


What a difference a month makes.

After inching up 0.8% in May, following two straight months of declines, U.S. consumer prices for apparel fell by 0.4% in June.

The Labor Department recently announced that its Consumer Price Index (CPI) increased 0.2% last month, and rose 1 percent year-over-year. Core CPI—that is, all items excluding food and energy—inched up 0.2% in June to more than offset a 0.1% decline in food prices, and increased 2.3% year-over-year—above the average annual rate of 1.9% over the past 10 years.

Apparel, however, took a tumble. Men’s prices were down 0.9% in June, thanks to declines in all categories, but boys’ clothing rose 0.6%. Prices in womenswear were up 1.2%, as outerwear, suits and separates and accessories all gained, which balanced the 0.3% decline in dresses. Girls’ apparel prices increased 0.2%. Infants’ and toddlers’ apparel prices had the worst month, falling 2.5%.

Similarly, menswear and boys’ apparel prices were down 0.6% for the 12 months ended in June, while womenswear and girls’ clothing was up 1.5%. Infants’ and toddlers’ apparel prices were down 5.3% year-over-year.

CPI June 2016
Photo: Bureau of Labor Statistics

Related Article
Earnings Roundup: Sales at Gap, Michael Kors, New Look Sink and Strengthen


Recent News

Apparel Stories From Around the Web

This week the apparel industry grappled with political views, transformed New York Fashion Week with new technologies and promoted sustainable wardrobes among sports fans.

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