US CPI for apparel rises by 0.3% MoM in April

12 May '23

1 min read

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The US consumer price index for all urban consumers saw a 0.4 per cent rise in April on a seasonally-adjusted basis, after rising by 0.1 per cent in March.
The index for apparel rose by 0.3 per cent over the March figure.
The index for household furnishings rose too.
The energy index rose by 0.6 per cent in April after decreasing by 3.5 per cent in March.

The US consumer price index for all urban consumers (CPI-U) rose by 0.4 per cent in April on a seasonally-adjusted basis, after increasing by 0.1 per cent in March, the US Bureau of Labour Statistics reported. The index for apparel increased by 0.3 per cent in the month over the March figure. The index for household furnishings rose as well.

Over the last 12 months, the all items index increased 4.9 per cent before seasonal adjustment—the smallest 12-month increase since the period ending April 2021.

The energy index rose by 0.6 per cent in April after decreasing by 3.5 per cent in March. The increase in the gasoline index more than offset declines in other energy component indexes.

Other energy components declined, as the natural gas index decreased by 4.9 per cent over the month, the third consecutive decrease in that index.

The index for all items less food and energy rose by 0.4 per cent in April, as it did in March.

The energy index decreased by 5.1 per cent for the 12 months ending April.

Fibre2Fashion News Desk (DS)

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