Price of Shirts Rise for the First Time Since 1992

20 | 10 | 2010

Inflationary costs have risen stubbornly, and has had a major impact upon the price of shirts and other clothing garments in the Autumn of 2010. A record rise of six percent - in September - has contributed to an overall increase in the rate of inflation for clothing garments in 2010.

So, what are the causes of this recent price spike? The first cause is that retailers are rolling out their winter clothing ranges. The next cause is that retailers are preparing for the 2.5% rise in VAT in January 2011. High street retailers know consumers are well aware of this inflationary tax, and do not wish to pass on that price hike during their pre-Christmas sales period.

Another cause is a weaker currency exchange rate with China (where many garments, such as shirts are made), and increased shipping costs. The ability of China to make cheap garments is also effected by increased wage demands and a global increase in the price of cotton.