US Consumer Prices Flat In September, Apparel Falls

Print Friendly, PDF & Email

Inflation stalled in September, according to the most recent consumer price index (CPI) data released by the U.S. Bureau of Labor Statistics.

After edging up slightly in each of the prior three months, the overall CPI was flat last month compared to September 2014, as declines in gasoline prices offset increases in food, shelter, medical care and other goods and services.

The core inflation rate, which excludes food and energy, rose by 1.9%, due primarily to increases in housing and medical service costs. The combined apparel and footwear price index fell by 1.4%, its eleventh straight month of decline.

Sep2015cpi1

The index for clothing, also in its eleventh straight month down, dropped by 1.6%. Footwear prices edged down by 0.5% in the month, the first decline since June 2014.

Sep2015cpi2

A 2.4% drop in prices of women’s apparel, the largest segment in the market, was largely responsible for price erosion in the category. Traditional apparel retailers continue to feel the pressure and share gains by fast fashion brands like H&M and Forever 21, and of off-price formats like TJ Maxx, Nordstrom Rack, Saks off Fifth and others. This past month, Irish cheap and chic retailer Primark opened its first U.S. store, in Boston’s Downtown Crossing area.

Men’s apparel prices remained all but flat, edging down 0.2% in the month.

Sep2015cpi3

While boys’ apparel prices declined by just 1.3%, prices of girlswear plunged by 4.6%. Infants’ and toddlers’ prices rose the most of any category, by 5.9% in the month.

Sep2015cpi4


Recent News

Financial Roundup: Abercrombie Comps up on Hollister; Gap Rides Athleta, Old Navy to Sales Gains

Abercrombie & Fitch continues to rely on Hollister gains, while positioning the Abercrombie brand for similar success. Gap sales up on Athleta, Old Navy performance.

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

“Uncertainty” Over Trump Policies Makes Frenemies of Importers, Domestic Producers

The domestic textile industry and apparel importers have often been on opposite sides of U.S. trade issues, but in today’s political climate they seem to have found some common ground.

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

Lord & Taylor Teaming With Walmart, a Desperate Last Gasp or a Brilliant Move Toward the Future?

While everyone’s been focused on the "retail apocalypse," the real story to emerge from 2017 might be the strange bedfellows that have emerged as everyone tries to plot a course forward. The recent partnership between Walmart and Lord & Taylor is the latest to get people talking.

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