News
« Saks Reports Q2 Loss Of $52 Million | | Nordstrom Reports Strong Q2 »
August 17, 2006
Retail Apparel Prices Drop
Retail apparel prices dipped 1.2% in July as inflation slowed. Women’s apparel took the biggest hit, falling a seasonally adjusted 1.9%.
The July numbers represented the steepest decline in retail apparel prices in eight years.
The U.S. core inflation rate, which excludes energy and food, rose just 0.2% in July, setting the stage for lower prices.
Posted by Blacks on August 17, 2006 09:47 AM
Comments
Post a comment
