Women’s Apparel Keeps Getting Cheaper

shopping mall pixabay
The long stretch of falling womenswear prices doesn’t appear to be ending anytime soon.

The U.S. Labor Department’s latest Consumer Price Index (CPI), released Friday, revealed that apparel inched up 0.2% in August—a meagre increase, yes, but clothing prices have only fallen three out of the last seven months. In fact, prices are up 0.3% in the 12 months ended Aug. 31 compared to last year.

By category, men’s apparel prices rose 1.2% last month (suits, sport coats and outerwear registered the biggest increases) and prices for boys’ clothing crept up 0.4%. On a year-over-year basis, prices are up 1.1% in menswear and 3.2% in boyswear.

The same can’t be said for womenswear which fell 2.4% overall last month, with prices declining in all major categories: outerwear dropped 6.6%, dresses decreased 1.9%, women’s suits and separates were down 2 percent and intimates, sleep and sportswear slipped 1.8%. On a year-over-year basis, womenswear prices are down 0.4%.

Girls’ apparel prices rose 3.9% in August—a massive improvement from July when girlswear prices fell 5.5%, but still down 2.8% versus last year.

Overall, the CPI—which is what people pay for food, clothing, fuels and other goods and services—increased 0.2% in August and it’s up 1.1% over the last year. By comparison, the index for all items was flat in July and increased 0.2% in both June and May.

Recent News

Here’s How Li & Fung Plans to Create the Supply Chain of the Future

In looking more closely at the sourcing company’s Three-Year Plan announced Wednesday, there are three key focus areas that will drive Li & Fung toward the supply chain of the future: speed, innovation and digitalization.

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