WASHINGTON — Wholesale prices on domestically produced women’s and girl’s apparel rose a seasonally adjusted 0.5 percent in May, but were down 0.2 percent against a year earlier, according to the Labor Department’s Producer Price Index released Tuesday.
Prices on all finished U.S.-made goods inched up 0.2 percent, as the core rate of inflation, which excludes the volatile food and energy sectors, advanced 0.3 percent after rising 0.1 percent during the two preceding months.
The Consumer Price Index is due out today and will offer another, broader view on inflation, particularly in apparel where more than 90 percent of goods sold at retail are imported.
“There’s a lot of data suggesting that there is an inflation problem, but it’s pretty early to make the call,” said Edward Leamer, director of the UCLA Anderson Forecast.
For complete coverage, see tomorrow’s issue of WWD.