The US consumer price index (CPI) for jewelry in May 2014 fell by 4.3% on a year-on-year basis to 169.36 points, setting the lowest level since December 2010, Rapaport reports. Compared to the previous month of 2014, CPI declined slightly.
CPI for the hours in May fell by 0.9% on a year-on-year basis to 120.37 points.
The decline in CPI on jewelry in recent months has affected price pressure on commodities. Prices for gold in May were almost 10% lower than the corresponding values ​​a year earlier, and platinum fell in price by 2% on a year-on-year basis.
In May, the RapNet diamond price index (RAPI) for certificated stones weighing 1 carat fell by 3.3%. The price index for diamonds weighing 0.5 carats rose by 5.1%, and diamonds weighing 0.3 carats went up by 8.5%. For the reporting month, stones weighing 3 carats fell in price by 2.6%.
The general consumer price index for all product categories in April increased by 2.1% on a year-on-year basis and reached a new record level of 237.08 points.