WASHINGTON — Retail apparel prices rose a seasonally adjusted 0.4 percent in May compared with April, the third consecutive monthly gain, as retailers maintained some pricing power despite a weakening economic recovery, the Labor Department’s Consumer Price Index showed Thursday.
On a year-over-year basis, retail apparel prices were 4.4 percent higher than May 2011. Women’s apparel prices were up 0.7 percent in the month and were 5.2 percent higher than a year earlier, while men’s apparel prices increased 0.5 percent and were 4.9 percent higher year-to-year.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"