WASHINGTON — Inflationary pressures may be creeping into domestic apparel prices. Wholesale prices for domestically made men’s and boys’ apparel rose 0.3 percent in July compared to June, the Labor Department said Tuesday in its Producer Price Index.
Prices were up 1.4 percent compared to July of last year.
The cost for all apparel rose 0.3 percent in July and 0.8 percent compared with the previous year.
Prices for all U.S.-produced goods increased 1.2 percent, the seventh straight increase. The core PPI, which excludes food and energy, increased 0.7 percent in July.
Compared to July 2007 the cost for all goods shot up 9.8 percent in July, the highest price increase in more than 26 years, said Charles McMillion, president and chief economist, MBG Information Services. The core prices were up 3.5 percent year-over-year. Most producers are facing weak demand and “brutal” pricing pressures, he said.
“After months of surging energy and commodity prices, final goods producers threw in the towel on rising costs, and pushed through unusually large price increases at mid-year,” said Kenneth Beauchemin, U.S. economist, Global Insight.
The PPI is not an indicator of broad apparel trends, since the vast majority of apparel sold in the U.S. is not manufactured domestically, but fluctuations are still notable. The Consumer Price Index, which tracks retail prices for consumer goods, also showed signs of inflationary pressures, women’s apparel prices at retail increased 2.1 percent in July.
July prices for work shirts, knit shirts, suits and tailored sport coats and vests were flat in July. Compared to last year prices for work shirts and knit shirts increased 0.3 percent. Suit prices were up 1.5 percent from last year and sport coat and vest costs grew 3.1 percent. Workwear costs increased 0.5 percent in July and 1.2 percent from last year. Woven shirt prices climbed 0.2 percent in July and spiked 3.2 percent versus last year.
Domestic prices for textile mill goods, mostly apparel fabric, increased 0.8 percent in July and 3.9 percent compared to last year. Textile product mills, which produce textiles for home furnishings, increased prices 0.8 percent in July and 2 percent from last year.
Synthetic fiber costs were up 1.5 percent in July and 3.2 percent from last year. Yarn prices were up 0.9 percent in July and 5.9 percent compared to a year ago. Gray fabric prices increased 0.5 percent in July and 2.2 percent in year-over-year comparisons. The price of finished fabrics was up 0.8 percent in July and 3.8 percent from the prior year.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)