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Retail Apparel Prices Drop in October as Supply Chain Issues Converge

As promotional fourth quarter selling kicked in, retail apparel prices fell a seasonally adjusted 1.8 percent in October compared to the previous month, with declines across categories, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday in the Consumer Price Index (CPI). This followed a 0.4 percent decline in retail apparel prices September, after a…

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