The federal government’s inflation barometer revealed that heightened prices aren’t going away.
Released Tuesday, the U.S. Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) revealed another rise of 0.4 percent in October after a 0.6 percent increase the month prior. While the rate of inflation slowed from a gallop to a canter, Spooky Season still yielded higher growth than the 0.3 percent Dow Jones economists projected.
The index for all products aside from food and energy grew 0.3 percent last month, mirroring the results seen in September and August. Apparel in particular saw growth of 0.1 percent, a small contraction from the 0.3 percent increase seen in September, with varied results across categories.
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Men’s suits, sport coats and outerwear saw 1.8 basis points of price contraction after growing a near-equal amount in September, while the same products for women fell by 2.6 percent. Boys’ apparel prices fell 1.1 percent, along with women and girls’ apparel (0.6 percent) and women’s apparel (0.8 percent).
There was price expansion in other areas. Men’s underwear, nightwear, swimwear and accessories saw 1.5 percent growth, while men’s pants and shorts trended upward by 1.8 percent. Women’s dresses saw the biggest jump in price at 3.7 percent, bucking the deflationary trend for other women’s apparel items.
2 percent.
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