Home / Knowledge / News / Clothing prices lower by 1.6%
Clothing prices lower by 1.6%
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

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

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

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search