US apparel prices stabilise amid rising imports & economic uncertainty
US CPI for garments fell 1.6 per cent in January but remained 0.4 per cent higher year-over-year, indicating price stability. Apparel imports surged 26 per cent year-over-year, driven by inventory restocking and tariff concerns. Consumer confidence dropped sharply, while garment spending rose. Tariff hikes on Chinese, Mexican, and Canadian imports add uncertainty.
US CPI for garments fell 1.6 per cent in January but remained 0.4 per cent higher year-over-year, indicating price stability.
Apparel imports surged 26 per cent year-over-year, driven by inventory restocking and tariff concerns.
Consumer confidence dropped sharply, while garment spending rose.
Tariff hikes on Chinese, Mexican, and Canadian imports add uncertainty.
