The US consumer price index (CPI) for jewelry in February 2014 decreased by 2.6% year-on-year to 172.11 points, showing the lowest value since March 2012. Record high index was recorded in January 2012 at around 183.5 points, reports Rapaport.
Nevertheless, taking into account the data for January, the CPI exceeded the average mark of 170 points for 38 consecutive months, continuing a steady trend towards inflation.
CPI for the clock in February remained generally stable, slightly increasing by 0.6% to 122.5 points, which is 2 points behind the record high of 124.3 points, set in July 2013.
The reduction in CPI for jewelry in the reporting month was affected by price pressure on commodities. Gold prices in February were almost 16% lower than the corresponding values ​​a year earlier, and platinum fell in price by 8% on a year-on-year basis.