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Article: Rug vendors held over a barrel.(Statistical Data Included)
- Article from:
- Home Textiles Today
- Article date:
- May 28, 2001
- Author:
CopyrightCOPYRIGHT 2001 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- With no relief in sight for the country's energy crisis, high costs for crude oil in its many forms are being felt across the country in every sector.
But the rug industry is taking one of the worst beatings, with the effects of the impact ranging from raw material suppliers to production expenses to shipping surcharges.
According to the Bureau of Labor Statistics, from April 2000 to April 2001 costs have increased 16.8 percent for gasoline, 0.5 percent for textile home furnishings, 1.4 percent for floor coverings, 5.6 percent for synthetic fibers and 28.2 percent for crude non-food materials (including crude oil). Only the cost of raw cotton ...