Fox News has learned that the price of a pair of jeans at a department store in North Carolina is up to $2,500.
A new report from the Consumer Price Index (CPI) showed the cost of jeans rose 2.6 percent to $1,732.
That is up 7.5 percent from a year ago.
The average price of jeans was up 0.9 percent to an all-time high of $1.2 million.
The CPI measures the price consumers pay for every type of goods and services, but not necessarily for the items in the same category.
The data is compiled by comparing retail prices for all goods and all types of services, such as restaurants, grocery stores, clothing stores, taxis and transportation services.
The price of $2.5 million jeans rose to $4,800 from $3,500 last year, according to the CPI.
That compares to an average of $3.5K for a size 28 jeans in 2016.
The inflation-adjusted inflation-for-the-dollar for jeans has increased from 1.3 percent in 2016 to 1.4 percent this year.
This means that for every dollar a retailer charges for jeans, it would cost $1 more to produce them.
The report also showed that in the past three years, the average price for jeans in North Dakota and Minnesota jumped by $500 each, compared to a 1.2 percent rise for the state.
This year’s CPI numbers come on the heels of the first three months of the year, which were marked by the release of the new U.S. Census Bureau data on the median household income for adults.