Home breadcru News breadcru Economics breadcru  | American apparel sector's CPI-U sees marginal rise in October 2023

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American apparel sector's CPI-U sees marginal rise in October 2023

16 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In October 2023, the US CPI-U for apparel increased 0.* per cent, recovering from a previous decline, while the overall CPI-U remained stable.
  • The country's energy index dropped 2.* per cent, and core inflation (excluding food and energy) slightly increased.
  • Over 12 months, the country's CPI-U growth slowed, indicating a mixed economic trend.

In contrast, the energy sector experienced a significant downturn, with the energy index falling *.* per cent over the month.

The index for all items excluding food and energy, often considered a core measure for underlying inflation trends, rose *.* per cent in October. This increase, though modest, was less than the *.* per cent rise observed in September.

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