The US consumer price index (CPI) for jewelry in January 2014 declined by 1.7% year-on-year to 173.78 points, showing the lowest value since July 2012. Record high index was recorded in January 2012 at around 183.19 points, reports Rapaport.
Nevertheless, taking into account the data for January CPI exceeded the average mark of 170 points for 37 consecutive months, continuing a steady trend towards inflation.
CPI for the clock in January remained generally stable, slightly down by 0.3% to 120 points, which is 4 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 January were almost 18% lower than the corresponding values ​​a year earlier, while platinum fell 12% on a year-on-year basis.
In January, the price index for diamonds RapNet (RAPI) for certified stones weighing 1 carat fell by 3.4%. The price index for diamonds weighing 0.5 carats rose by 1.7%, and diamonds weighing 0.3 carats went up by 10.9%. Meanwhile, stones weighing 3 carats fell in price by 3.5% in the reporting month.
The general consumer price index for all product categories in January increased by 1.6% on a year-on-year basis and reached a new record mark of 234.93 points.