Footwear Prices Rise in June

WASHINGTON — Footwear prices increased 0.2 percent in June and advanced 1.6 percent from a year earlier, the Labor Department said Wednesday in its Consumer Price Index.

Women’s footwear prices declined 0.3 percent in June, and dropped 0.9 percent in 12-month comparisons. The cost of men’s footwear declined 0.5 percent in June, while rising 2.1 percent year-over-year. Boys’ and girls’ footwear prices rose 1 percent in June, and spiked 6.4 percent compared with a year earlier.

Retail apparel prices, which include footwear, rose a seasonally adjusted 0.7 percent in June while advancing 1.5 percent compared with a year earlier. Apparel prices declined 0.2 percent in March, April and May.

Prices for all goods and services advanced 0.7 percent in June, but declined 1.4 percent year-to-year. The monthly increase was driven by a significant jump in gas prices.

The so-called core prices, which exclude the volatile food and energy sectors, rose 0.2 in June and increased 1.7 percent compared with a year earlier.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s