FINANCE

Women’s apparel prices in big spike

BY CSA Staff

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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