WASHINGTON — U.S.-made apparel prices increased 0.3 percent in April and were 3 percent higher than a year earlier, the Labor Department’s Producer Price Index showed Friday.
“We are seeing some degree of cost pressure still processing through the supply chain but these cost pressures are expected to moderate in the coming months, primarily because input prices are lower,” said Jeet Dutta, senior economist at Moody’s Analytics. “The need to pass along rising input costs at different stages of manufacturing along the apparel supply chain, whether it is sourced domestically or imported, is [lessening].”
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"