By  on August 20, 2014

WASHINGTON — Maybe it’s because more young men are wearing suits and ties these days.

Whatever the reason, men’s apparel retail prices rose 0.8 percent in July, driven by higher prices for men’s furnishings such as ties, as well as for shirts and sweaters. Furnishings prices increased 1.7 percent last month, while prices for shirts and sweaters rose 1.2 percent, according to the Labor Department’s Consumer Price Index released Tuesday.

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