Survey suggests consumer prices will rise 10% to 15%

Consumer goods at retail are likely to rise by 10% to 15% later this spring and into summer, particularly in the apparel and home furnishings segments, according to a Capital Business Credit survey of manufacturers and importers.The hike in consumer prices is linked to the increased cost of cotton and logistics, the financial products and services company said.Nearly 95% of 70 manufacturers and importers surveyed during the week of March 14 said they expect the rise in cotton prices to affect goods with high cotton content, such as sheets, t-shirts and fabrics, and 44.4% expect prices of those products