U.S. Jewelry Price Inflation +6% in March

inflationThe U.S. consumer price index (CPI) for jewelry rose 5.9 percent to 182.32 points during March, according to government figures. The index was higher than February’s reading, but below the all-time high of 185 points set in January.

The CPI for jewelry has now remained above 170 points for 15 consecutive months, reflecting higher operating costs at the counter along with rising wholesale prices of precious metals, diamonds and gemstones.

Meanwhile, the CPI for all product categories combined in March rose 2.6 percent to 229.1 points, which established a new index high.

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