Home / Knowledge / News / Textiles / Clothing & footwear prices go up in March CPI

Clothing & footwear prices go up in March CPI

10
Apr '08
Consumer Prices in March, as measured by the CPI, increased by 0.9% in the month. This compares to an increase of 0.7% in March of last year. As a result, the annual rate of inflation increased to 5.0%, up from 4.8% in February 2008.

The EU Harmonised Index of Consumer Prices (HICP) rose by 0.9% in the month, compared to an increase of 0.7%in March 2007. The annual rate of inflation, as measured by the HICP, increased from 3.5% in February to 3.7% in March.

The most notable changes in the year were increases in Education (+5.9%) and Transport (+5.6%). There were decreases in Clothing & Footwear (-3.6%) and Furnishings.

The annual rate of inflation for Services was 5.7% in March, while Goods increased by 4.2% in the year. The most significant monthly price changes were increases in Transport (+2.5%), Clothing & Footwear (+1.7%).

The main factors contributing to the monthly change were as follows:
• Transport rose due to higher petrol and diesel prices, as well as an increase in airfares.
• Clothing & Footwear rose with higher prices for both clothing and footwear.

The CPI excluding tobacco index for March was up 0.9% in the month and up 5.0% in the year. The CPI excluding energy products index was up 0.9% since March and increased by 4.7% in the year. The CPI excluding mortgage interest increased by 1.0% in the month and rose by 3.8% in the year.

Clothing and Footwear:
Clothing & Footwear prices increased by 1.7% in the month and decreased by 3.6% in the year to March 2008. This compares to a decrease of 2.6% for the year to March 2007. In the month, clothing prices increased by 1.7%, while footwear prices increased by 1.5%.

In the month, price increases were recorded for garments (+1.9%), shoes & other footwear (+1.6%), dress hire & repair of clothing (+1.4%) and other articles of clothing (+0.6%).

Central Statistics Office Ireland


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Abhishek Ralli,

Abhishek Ralli

Guide group is a government recognised manufacturing house engaged in the...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Boban Charly,

Boban Charly

Bierrebi designs and manufactures automatic machines that cut fabric into...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

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

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search