Footwear Prices on the Rise in October

Retail prices for footwear rose a seasonally adjusted 0.2 percent in October and advanced 3.1 percent compared with a year earlier, the Labor Department said Wednesday in its Consumer Price Index. 

Prices for men’s footwear increased 0.5 percent in October and rose 3.1 percent year-over-year.

Women’s footwear advanced 0.7 percent month-to-month and increased 2.2 percent in 12-month comparisons.

Boys’ and girls’ footwear prices increased 0.2 percent in October and spiked 5 percent compared with a year earlier. 

Retail apparel prices, which include footwear, declined a seasonally adjusted 0.4 percent in October compared with September, but increased 1.4 percent compared with a year earlier.

The overall Consumer Price Index rose 0.3 percent in October, but declined 0.2 percent compared with a year earlier.

The so-called core index, which excludes the volatile food and energy sectors, rose 0.2 percent month-to-month and advanced 1.7 percent compared with October 2008.

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