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Power Shift: Apparel Prices Up in Normally Promotional December

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Retail apparel prices rose a seasonally adjusted 1.4 percent in December–unusual for the holiday period–but were still down 3.9 percent for the year as merchants lost pricing power during the demand-weakening coronavirus pandemic, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday in its Consumer Price Index (CPI) report. Save for a 0.8 percent dip…

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