News

Advanced Search

U.S. Jewelry Price Inflation -1% in August

Consumer Price Index Hits Record High

Sep 14, 2012 9:17 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... The U.S. consumer price index (CPI) for jewelry fell 1.4 percent year on year in August to 177.1 points. While the index measured its highest level since March, still, it registered a second consecutive monthly year-on-year declineinflation.

Nonetheless, the CPI remains at historically high levels and August's  reading marked 20 consecutive months with a reading of more than 170 points.

Since the CPI dropped below record highs, in the 180s, prior to April, prices for polished diamonds, gold and platinum have fallen; however, just this past month demand for precious metals has improved and pressured prices higher again.

For all product categories combined, the CPI rose in August by 1.7 percent year on year to 230.1 points, setting a new record high.

Tags: cpi, inflation, Jeff Miller, Jewelry, record
Similar Articles
Similar Videos
Panel Discussion: The Future of India's Diamond Industry
Sep 13, 2013
What does the future of India's diamond industry look like,...
fair trade Irthly Refines Fair... stuller Stuller On U.S. Diamond... Michael m Michael M. Debuts Black...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2014 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.