The CPI for U.S jewelry increases to7% in January
The consumer price index of US jewelry has risen to 6.7% in the month of January than the preceding months as per the statics given by the U.S Bureau of Labor Statistics. The data shows the increment of 2.9% than a year ago.
Granting to the U.S. Bureau of Labor Statistics, the Consumer price Index (CPI) of U.S for jewelry got a hike of 6.7% in the month of January from the preceding month. Further, the statics too reveal that it was 2.9% more than a closed year. The inflation in the jewelry prices comes together and in cooperation with the rise in the price of the polished diamonds in the month of January due to their insufficiency. Furthermore, considering the RapNet Diamond Index (RAPI™) for 1Ct. Diamond, the GIA-graded diamonds increases to 0.9 % during the month. Furthermore, while the study indicates that the advancement of 4.7% for 0.30Ct. diamonds as well as 4.5% of 0.50Ct. diamonds. In the meantime, the gold prices on COMEX has too increased to 6.4% between 31st December to February 1st, as per the data collated by Bloomberg. Granting to the U.S. labor data the watches then the CPI in the month of January has likewise increased to 2.6% than the preceding month and 0.8% than the closed year. Moreover, the Consumer price index for all metropolitan shoppers was unchanged, when talked about the Seasonality adjustments.