Prices for apparel declined in 1998
June 09, 1999
Apparel prices paid by consumers fell by 0.7 percent in 1998. It was the third time in five years that apparel prices dropped.
In addition to falling in1998, apparel prices decreased in 1994 and 1996. As a result, consumers actually paid 1.4 percent less for apparel in December 1998 than they did five years earlier. In contrast, prices for commodities as a whole were 7.7 percent higher at the end of 1998 than in December 1993.
The 0.7-percent decline in the price index for apparel in 1998 followed a rise of 1.0 percent in the previous year. In comparison, the index for all commodities rose by 0.4 percent in 1998, after increasing by 0.2 percent in 1997.
These data are produced by the BLS Consumer Price Index program. More information on consumer price changes can be found in "Consumer inflation remains modest in 1998," Monthly Labor Review, April 1999. Annual percent changes are December-to-December changes.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Prices for apparel declined in 1998 on the Internet at http://www.bls.gov/opub/ted/1999/jun/wk2/art03.htm (visited August 24, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.