By and  on November 19, 2008

WASHINGTON — As if the recession weren’t bad enough, now there’s yet another economic danger rearing its head like a roaring dragon: deflation.

The U.S. Labor Department on Wednesday reported consumer prices fell 1 percent in October, with a 2.2 percent drop in apparel prices. Women’s clothing prices alone fell a seasonally adjusted 2.5 percent last month. Both the overall fall in apparel prices and the decline in women’s prices were the largest declines on record for the month of October.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus