Retail apparel prices fall again in April

US consumer prices in April saw their biggest decrease since December 2008, according to the latest government figures, with retail apparel prices falling for the third month in a row.

The apparel index fell 0.3% during the month, according to figures from the US Bureau of Labor Statistics yesterday. This compares with a drop of 0.1% month-on-month in February and a 1.0% decline in March.

The overall Consumer Price Index (CPI), a measure of inflation or price increases, fell 0.4% during the month, mainly fuelled by lower gasoline prices. Adjusted to take food and energy items out of the index, April’s CPI was 0.1% higher than in March.

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