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U.S. Jewelry CPI +10%, Sets New Record in Feb.

Inflation rises to new level for jewelry sector.
Mar 17, 2011 8:47 AM   By Jeff Miller
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RAPAPORT... The U.S. consumer price index (CPI) for jewelry hit a new high in February at 171.4 points. The measure jumped 10 percent from February 2010 and marked the second consecutive month for which the reading topped 170 points and the 37th consecutive month to post a reading higher than  150 points. 

The jewelry price index is based upon the reference point of average prices in 1986, which is set at 100 points.

Meanwhile, the CPI for all product categories rose 2.2 percent year on year in February  to 222.27 points. The base period for that overall reading was provided by an average of 100 points taken from 1982 to 1984.

 

Tags: consumer, index, inflation, Jeff Miller, Jewelry, prices
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