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Clothing prices in UK rise by 1.6% in November
16
Dec '16
Prices of clothing and footwear increased by 1.6 per cent between October and November 2016 in the UK, compared to a fall of 0.1 per cent between the same months last year, says a recent report. This segment mainly caused the Consumer Prices Index (CPI) to rise by 1.2 per cent in the year to November 2016, compared with a 0.9 per cent rise in October.

Prices of women’s and men’s outerwear rose particularly in the period between October and November 2016, according to the UK consumer price inflation: Nov 2016 report by the Office for National Statistics (ONS).

This is the largest October to November rise since 2010 and continues the rather volatile movements observed during 2016, especially over the latest 3 months. The rise follows a relatively small increase in prices in October 2016, which resulted in a downward contribution to the change in the rate of a similar magnitude to the upward effect seen in November.

The CPI rate in November was the highest since October 2014, when it was 1.3 per cent. (KD)

Fibre2Fashion News Desk – India


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