There has been very little inflation in apparel prices in recent years,
but that trend is about to change. The price of women’s clothing has
already increased more than five percent for this fall season, according
to Verdit Research, and men’s clothing could rise by as much as eight
percent in the coming year. Combined with an increase in England’s
value-added tax, from 17.5 percent to 20 percent, the pressure will be
on retailers to keep prices for entry-level products stable and make up
the costs on higher-end products.