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Retail Apparel Prices Jump in January as Overall CPI Also Rises

As fresh goods hit the stores after the holiday rush, retail apparel prices rose a seasonally adjusted 1.7% in January–the biggest monthly increase since 1990–compared to the promotional frenzy in December, the U.S. Bureau of Labor Statistics said Wednesday in its Consumer Price Index report. The CPI for all goods increased 0.5 percent in January…

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