Women’s apparel prices in big spike
The good times may be over for consumers when it comes to price discounting.
Apparel prices rose 1.7% in January, the biggest increase since 1990, according to The Consumer Price Index, CNBC reported. Women's apparel costs surged a record 3.4% during the month.
Apparel prices have been in a deflationary cycle for many years, companies have been under pressure to increase promotions to move merchandise off the floor. But that appears to be changing, CNBC said.
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Apparel prices rose 1.7% in January, the biggest increase since 1990, according to The Consumer Price Index, CNBC reported. Women's apparel costs surged a record 3.4% during the month.
Apparel prices have been in a deflationary cycle for many years, companies have been under pressure to increase promotions to move merchandise off the floor. But that appears to be changing, CNBC said.
Click here to read more.