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U.S. Jewelry Store Sales Rise Amid Falling Prices

Nov 20, 2016 11:54 AM   By Rapaport News
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U.S. specialty jewelry store sales advanced 6 percent to $2.08 billion in September, according to data from the U.S. Census Bureau. The jump came alongside a 2.6 percent decline in the consumer price index (CPI) for jewelry that month.

Sales in specialty jewelry stores increased 1.7 percent to $20.25 billion in the first nine months of the year.

Meanwhile, the U.S. CPI for jewelry climbed 0.2 percent sequentially in October on an unadjusted basis, according to data from the Bureau of Labor Statistics. Prices were 7.4 percent higher than a year ago.

The Labor Bureau data also showed CPI for watches slipped 0.1 percent from a month ago in October, while being up 5.6 percent from a year earlier. Jewelry and watch prices combined increased 0.1 percent from last month and jumped 6.5 percent from last year.
Tags: consumer price index, cpi, Jewelry, jewelry prices, Jewelry sales, jewelry store sales, jewelry stores, prices, Rapaport News, retail, u.s., U.S. Census Bureau, u.s. jewelry sales, U.S. jewelry store sales
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