On a monthly basis, prices of clothing and footwear rose by 0.1 per cent between October and November this year, compared with a larger rise of 1.1 per cent between the same two months a year ago.
The UK consumer price index rose by 10.7 per cent in the 12 months to November, down from 11.1 per cent in October. On a monthly basis, CPI rose by 0.4 per cent during the month compared with a rise of 0.7 per cent in November last year. Clothing and footwear prices rose, overall, by 7.5 per cent in the year to November, down from 8.5 per cent in October.
Prices usually rise into November each year, but the increase this year was less than in most recent years, the exception being 2020, when prices fell amid tougher national restrictions on movement because of the coronavirus pandemic.
The downward effect in 2022 was principally from women’s clothing, where prices rose by less this year than a year ago. There was also a small downward effect from footwear, with prices falling into November 2022 compared with rises in 2021.
Overall, fuel prices rose by 17.2 per cent in the year to November 2022, down from 22.2 per cent in the year to October.
The largest downward contribution to the change in CPI annual inflation rates between October and November 2022 came from transport, particularly motor fuels, with rising prices in restaurants, cafes and pubs making the largest, partially offsetting, upward contribution.
Fibre2Fashion News Desk (DS)
