Jewelry Consumer Prices . in September Jewelry consumer prices the retail price of jewelry in stores rose by . percent in September versus the same period in according to the latest statistics from the BLS. We believe that retail prices for jewelry will continue to rise in the remaining months of . For the full year it is likely that retail prices for jewelry will increase by about . percent somewhat above our earlier predictions. Our forecast for total jewelry sales in the U. is now slightly below this range for . Thus we expect unit sales of jewelry to be down very modestly for the year. Among jewelry producers price increases are expected to remain moderate for the next few months. The graph below summarizes monthly jewelry producer price inflation since the beginning of . Producer Price Index U. They spiked in the final months of and then moderated in the early spring of . However in June and July jewelry prices at the retail level surged. However ! in September retail prices of jewelry rose notably. All comparisons are on a year to year basis that is September versus September . The percent change is based on a comparison to the same month a year ago. Longer term jewelry prices will rise due to two major factors Commodity prices continue to increase. As precious metals prices rise those costs will be passed along to consumers. Jewelers margins are squeezed.
Source: http://www.idexonline.com/portal_FullNews.asp?id=28606
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