UK clothing-footwear prices up 0.8% YoY, 2.1% MoM in Sept 2024

The largest downward contribution to the monthly change in CPI annual rates came from transport, with larger negative contributions from air fares and motor fuels.

Core CPI (excluding energy, food, alcohol and tobacco) rose by 3.2 per cent in the 12 months to September 2024, down from 3.6 per cent in August.

The CPI goods annual rate fell from minus 0.9 per cent to minus 1.4 per cent.

Clothing and footwear prices rose by 0.8 per cent in the year to September compared with a rise of 1.6 per cent in the year to August. On a monthly basis, such prices rose by 2.1 per cent compared with a 2.9-per cent rise a year ago.

The fall in the annual rate of clothing and footwear prices was the result of downward effects from garments for women and men and other clothing items. However, these categories were counteracted slightly by a positive contribution from footwear for infants and children.

Producer input prices and producer output (factory gate) prices fell by 2.3 per cent and 0.7 per cent in the year to September, down from a revised decrease of 1 per cent and a revised increase of 0.3 per cent respectively in the year to August.

On a monthly basis, producer input prices fell by 1 per cent, while factory gate prices fell by 0.5 per cent in September this year, an ONS release said.

Fibre2Fashion News Desk (DS)