Retail apparel prices fell for the second straight month in April, dropping 0.3 percent on a seasonably adjusted basis, with declines in women’s, girls’ and boys’, but an uptick in men’s.
The drop-off wasn’t as steep as in March, when retail apparel prices fell 1 percent, the largest downward movement since April 2001, according to the Bureau of Labor Statistics, which released its monthly Consumer Price Index report on Thursday. Compared to a year earlier, retail apparel prices in April increased 0.3 percent.
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?"