Retail Apparel Prices Increase for Second Straight Month as Overall CPI Rises

As inflation slowly makes its way into the supply chain, retail apparel prices increased 1.5% in February following a 1.7% rise in January, the U.S. Bureau of Labor Statistics reported Tuesday in its Consumer Price Index (CPI). The overall CPI increased 0.2% in February on a seasonally adjusted basis, after rising 0.5% in January and…