ABU DHABI / AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al ...
Read More »Why surging clothing prices won’t drive US inflation for long
Bloomberg A surge in US apparel costs helped fuel above-forecast inflation for January, sending Treasury yields higher. But the era of markdowns for struggling retailers is far from over. Clothing prices, which account for 3 percent of the consumer price index, jumped 1.7 percent in the biggest monthly gain since 1990, Labor Department data showed. That helped the so-called core ...
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