Wholesale prices for domestically manufactured women's and girl's apparel increased 0.2 percent in February from the previous month, but fell 0.1 percent from a year earlier, the Labor Department reported Tuesday in its Producer Price Index.
The department's Producer Price Index showed that wholesale prices for all apparel, including men's and boys', increased 0.1 percent last month compared with January and was up 0.3 percent from February 2007. Prices for all domestically produced goods rose 0.3 percent during the month.
The core PPI, which excludes the volatile food and energy sectors, increased 0.5 percent in February following a 0.4 percent rise in January. Falling food prices in February helped to counterbalance the effects of higher energy prices. Gasoline and natural gas prices rose and continued to pressure the economy in February, offsetting declines in other energy sectors.
"Producer prices and consumer prices were on opposite tacks in February, with core consumer prices flat and the producer price counterpart accelerating," Kenneth Beauchemin, U.S. economist for Global Insight, wrote in an analysis. "In such circumstances, the smart money follows the Consumer Price Index with its more robust sample and smaller historical volatility."
Since U.S.-made apparel and textiles makes up a small percentage of goods sold at retail, the CPI is also a better gauge for those sectors. Women's retail apparel prices in February fell for the first time in three months, the Labor Department reported last week in the CPI.
Within the PPI, domestic wholesale prices for knit shirts and blouses, and woven shirts and blouses were flat in February, and up 0.3 and 0.1 percent, respectively, compared with last year. Women's dress prices increased 0.8 percent in monthly and yearly comparisons, and suits and pantsuits were flat versus last month and up 1.5 percent over the prior year. Jeans and slacks were flat on a month-to-month basis, but declined 0.1 percent versus last year.
Prices for textile product mills increased 0.4 percent in February and 1.1 percent versus last year, while prices for goods from textile mills rose 0.4 percent for the month and 3.1 percent f or the year.
Prices on yarns rose 0.7 percent in February and jumped 5.3 percent from last year, while synthetic fibers increased 0.2 percent in February and rose 0.5 percent from the prior year. Greige fabric prices climbed 0.2 percent for the month and 2.8 percent versus last year. Finished fabric prices grew 0.4 percent in February and 2 percent on a yearly comparison.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty