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Red-Hot Inflation Bumps Retail Apparel, Footwear, Home Goods Prices

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Inflation climbed yet again, sending prices ever higher during the year’s busiest shopping period. Over the past 12 months, the Consumer Price Index (CPI) increased an unadjusted 6.8 percent, the largest 12-month inflation increase since the period ending June 1982, according to data released Friday by the U.S. Bureau of Labor Statistics (BLS). The overall…

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