In its most recent report on inflation in April, the INDEC (National Institute of Statistics and Censuses) announced that one of the items that increased its prices the most was that of clothing and footwear.
This, since the sector suffered an increase of 9.9% during the fourth month of the year, for which the clothing and footwear contributed 1.1% to the general price index, which reached 6%.
This means that, For the second consecutive month, the item of clothing and footwear was one of those that pushed inflation the most since, during March, it was the second item with the most increases (10.9%).
Also, so far this year, the sector has accumulated a rise of 29%, while in the last 12 months there has been a rise of 73.4%, almost 18 points above the general average.
However, from the union they assure that for 5 consecutive years they have had losses, so despite the increases in prices, the profits are minimal and they do not see further growth.
For this reason, to contain the escalation of prices in clothing, the Government launched on March 10 a plan called “Fashion Action”, where 70 brands participate that offer up to 15 garments with careful prices in more than 2,000 points of sale.
Besides of textile industryother sectors that marked inflation in April were: Restaurants and Hotels (7.3%), Health (6.4%) and Food and non-alcoholic beverages (5.9%).
Why have clothing prices gone up so much?
From the Pro Tejer foundation, they delivered a report to explain the reasons for the increases in the sector in recent months. In principle it would be due to the seasonal change, because during March and April the cold season begins.
In addition, cold garments are more expensive, high prices for raw materials also increase production costsbecause only cotton increased in one year, in dollars, by 108%.
