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.

Mar 15, 2025 - 04:05
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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.