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The US Bureau of Labor Statistics on Thursday reported that apparel prices rose 0.5 percent in August, the highest level since it rose 0.6 in February. Overall inflation jumped 2.9 percent in August, against the 2.7 percent uptick in July.
The bump for apparel prices comes as pressures from the Trump administration’s tariffs take shape. The impact of tariffs, which were announced in April, were delayed as brands stocked up on goods earlier in the year. Apparel prices fell 0.4 percent in May…
