Womenswear prices in the US have risen for the third month in a row, prompting speculation that a longer-term inflationary trend is about to kick off.
Women’s outerwear prices rose 4.9% last month against December. The price of dresses rose for the third consecutive month, up 1.7% in January, while suits and separates also rose 0.5%, the third monthly increase in a row. Footwear prices rose 0.6%, with women’s footwear up 0.8%. Kids’ footwear also increased for the third month in a row, up 0.2%.
The womenswear price inflation was in stark contrast to menswear, where prices decreased for the sixth month in a row, down 0.2% in January compared with December. Clothing prices overall posted their fifth consecutive rise, up 0.4% in January.
The seasonally adjusted figures eliminate the effect of annual seasonal fluctuation. Some retail analysts said US inflation was a result of inflation in China, where costs are rising and stricter labour laws have been introduced.