Home / Knowledge / News / Clothing & footwear consumer prices higher in May
Clothing & footwear consumer prices higher in May
Jun '08
In May 2008 consumer prices 1.1% higher. Similarly to May last year, in May this year a relatively high monthly growth of consumer prices was recorded. Consumer prices went up by 1.1%, while in the first five months of this year they grew by 3.2%.

On average, goods were 1.4% more expensive while service prices increased by 0.3%. As regards goods, non-durable goods prices went up by 2% and semi-durable goods prices by 0.7%, while durable goods prices fell by 0.1%.

Higher prices of clothing and footwear: In May higher prices were recorded in the following groups: recreation and culture (by 1.3%), clothing and footwear (by 1%), miscellaneous goods and services (by 0.3%) and furnishing (by 0.2%).

Higher prices of petroleum products pushed the inflation rate up by 0.5 of a percentage point. Higher prices of seasonal products and other price increases each added 0.2 p.p. and higher prices of clothing and footwear contributed 0.1 p.p. each.

Only few decreases in May:
In May prices decreased only in the group communication (by 0.8%).

Annual inflation again slightly lower:
In May the price growth at the annual level fell back to the January level of 6.4% (in May 2007 it was 2.9%), while the 12-month average price growth grew to 5.3% (in the same period last year it was 2.5%).

In one year prices increased the most in these groups: furnishing (by 5.7%) and clothing and footwear and education (by 4.6%).

Compared to May 2007, goods were on average 7% more expensive while service prices went up by 5.1%. As regards goods, non-durable goods prices grew by 9.5% and semi-durable goods prices by 5.1%, while durable goods prices fell by 0.1%.

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search