US’ consumer price index for all urban consumers (CPI-U) saw a 0.3 per cent increase in December on a seasonally adjusted basis, marking a rise from the 0.1 per cent increase witnessed in November, according to the US Bureau of Labor Statistics. The index for apparel noted a slight uptick of 0.1 per cent during the same period.

The energy sector experienced a 0.4 per cent increase over the month, driven by notable rises in both the electricity and gasoline indexes, which helped counterbalance a decrease in the natural gas index. Similarly, the index for all items excluding food and energy maintained a consistent growth, matching November's 0.3 per cent increase.

Over the year, the all-items index reported a 3.4 per cent rise for the 12 months ending December, surpassing the 3.1-per cent increase recorded for the year ending November. The index for all items minus food and energy saw a 3.9 per cent increase over the past 12 months, slightly down from the 4 per cent escalation observed in the previous year. Specifically, the apparel index climbed by 1 per cent over the year. In contrast, the energy index faced a 2 per cent decrease for the year ending in December, as per the bureau.

By Fibre2Fashion
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