Jewellery Price Inflation
The U.S. consumer price index (CPI) for jewelry posted its largest increase in 16 months, rising 4.3 percent year on year to 180.9 points in July. However, for the first seven months of 2013, the jewelry CPI has fallen 0.8 percent primarily as a result of lower gold prices.
The CPI reading in July was the ninth to exceed 180 points and it continued to maintain a historically strong inflation trend, marking the 31st consecutive month with a reading of more than 170 points.
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