Footwear Prices Inch Higher in June

Retail prices for footwear rose a seasonally adjusted 0.6 percent in June, and advanced 1.3 percent compared with a year earlier, the Labor Department reported Friday in its Consumer Price Index.

Women’s footwear prices increased 0.8 percent month-to-month, and rose 3.5 percent in 12-month comparisons. Men’s shoe prices advanced 0.5 percent in June, and rose 1.6 percent year-over-year.

Prices for boys’ and girls’ footwear dropped 1.1 percent in June and declined 3.7 percent compared with a year earlier.

Retail apparel prices, which include footwear, rose 0.8 percent in June compared with May, and fell 0.4 percent from a year earlier.

The overall CPI declined 0.1 percent in June and rose 1.1 percent year-to-year. The so-called core index, which excludes the volatile food and energy sectors, rose 0.2 percent month-to-month and advanced 0.9 percent compared with a year earlier.

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