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Utahns not spending a lot on clothes

Utahns not spending a lot on clothes

By Randall Jeppesen | Posted - Oct. 15, 2010 at 12:56 p.m.



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SALT LAKE CITY -- The Zions Bank Consumer Price Index along the Wasatch Front for September shows Utahns are still keeping a tight budget.

The cost to rent and education costs went up as students headed back to school, but one big difference in back-to-school shopping appears in clothing sales.

Clothing prices went up nationally but down in Utah. CEO of the Cicero Group Randy Shumway says it's likely because Utahns are buying less and perhaps turning to hand-me-downs.

CPI Highlights
  • Food at home prices fell 0.5 percent
  • Clothing costs fell 0.4 percent
  • Transportation costs rose 0.3 percent
  • Medical care costs increased 0.2 percent

"Families that are constriction spending might say we don't have to go out and buy new clothing because we can just take the clothing of older brothers and older sisters," says Shumway. "And that might be why we are not seeing an increase."

Shumway says interest rates look like they'll remain low for several months to come and economic growth will be slow as well.

The report also shows single family homes sales in Salt Lake County increased 9 percent in the month of August to 633 sold homes. However, this is down 20 percent from August 2009.

E-mail: rjeppesen@ksl.com

Randall Jeppesen

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