Coats Webinar

Men's & women's clothing prices decline in Dec CPI

24 Jan '07
2 min read

Consumer prices accelerated for the fourth consecutive month in December.

Consumers paid 1.6% more for the goods and services in the Consumer Price Index (CPI) basket in December 2006 than they did a year earlier. It was a slightly faster pace than the 12-month change of 1.4% in November.

Still, December's increase was below the average gain of 2.0% in the all-items CPI for 2006 as a whole, and well below the much hotter pace in the first eight months of 2006.

On a monthly basis, consumer prices edged up 0.2% between November and December last year, the same increase as in the previous month. The monthly index, excluding energy, slipped 0.1% in December after a 0.2% increase the month before.

The core Consumer Price Index, used by the Bank of Canada to monitor the inflation-control target, rose by 2.0% between December 2005 and December 2006, compared with 2.2% the previous month. The monthly core CPI slipped 0.2% in December, following a 0.3% increase in November.

Elsewhere, the growth in the all-items CPI was slowed by continually falling prices for men's and women's clothing.

Discounts associated with fall sales, combined with holiday sales, reduced the price of women's clothing by 5.4%. It was the biggest decline ever for the month of December, and the largest decrease in women's clothing since a 5.8% plunge in April 2006.

It was the same case with prices for men's clothing, which fell 4.1%, the biggest decline since a 5.1% drop in June 2003.

Consumer Price Index and major components: Clothing and Footwear (unadjusted)
Relative importance: 5.37
December 2006: 98.4
November 2006: 102.0
December 2005: 100.4
November to December 2006: -3.5
December 2005 to December 2006: -2.0

Statistics Canada

Leave your Comments

Esteemed Clients

Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
Stahl Holdings B.V.,
Advanced Search