Retail Apparel Prices Jump In January for Largest Hike in 11 Months

Lifted by higher prices on women’s and children’s wear, retail apparel prices rose a seasonally adjusted 1.1 percent in January amid clearance sales. The January increase for apparel was the largest since February 2018, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday in its Consumer Price Index (CPI). Companies had noted increases in raw…