Retail prices for footwear fell a seasonally adjusted 0.2 percent in January, the Labor Department said in its Consumer Price Index on Friday. Prices rose 1 percent compared with the same period last year.
Prices for all goods and services advanced 0.3 percent in January, following three months of declining prices. It is the first increase since July and was mostly driven by higher gasoline prices, economists said. Compared with last year, prices were flat. Core inflation, which excludes the volatile energy and food sectors, rose 0.2 percent in January and advanced 1.7 percent year-over-year.
Men’s footwear prices declined 1.6 percent for the month, but advanced 3 percent from a year earlier. Women’s footwear prices fell 1.1 percent in January and declined 2.8 percent year-over-year.
Boys’ and girls’ footwear prices rose 2.3 percent for the month and spiked 6.6 percent compared with January 2008.