Home / Knowledge / News / Clothing prices lower by 1.6%
Clothing prices lower by 1.6%
01
Sep '08
The month-on-month consumer price level increase by 0.5%. In 'recreation and culture', seasonal prices of package holidays increased by 13.1%, of which prices of domestic holidays by 5.5% and holidays abroad by 15.1%.

A downward effect on the consumer price level came from the price decrease in clothing by 1.5% and footwear by 2.7% due to summer sales of goods.

Prices of goods in total increased by 0.2%, while prices of services rose by 1.1%.

In terms of the year-on-year comparison, in July, the increase in consumer prices was 6.9%, i.e. 0.2 percentage point up on June. Prices of oil increased by 21.9% (from 23.9% in June).

Compared with 2007, prices of clothing were lower by 1.6%. Prices of goods in total grew by 6.2% and prices of services by 8.0%.

Inflation rate, i.e. the increase in the average consumer price index in the twelve months to July 2008 compared with the average CPI in the previous twelve months, stood at 5.8% in July (0.4 percentage point up compared with June 2008).

According to preliminary data of Eurostat, the year-on-year increase in the average harmonized index of consumer prices (HICP) in the EU 27 member states was 4.3% in June (0.3 p.p. up on May).

The highest annual rates were observed in Latvia (17.5%) and Bulgaria (14.7%), and the lowest rate in the Netherlands (2.3%). The growth of consumer prices in Slovakia accelerated to 4.3% in June (from 4.0% in May). In Germany, the price growth of consumer prices accelerated to 3.4% (from 3.1% in May).

According to preliminary calculations, the HICP in the Czech Republic in July 2008 increased by 0.5%, month-on-month, and accelerated to 6.8% (from 6.6% in June), year-on-year. The MUICP (Monetary Union Index of Consumer Prices) flash estimate for the Eurozone in July 2008 was 4.1%, y-o-y, as Eurostat announced (more information on Eurostat's web pages: HICP).

Czech Republic Statistical Office


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marcel Alberts
Eurofibers

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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