Footwear Prices Inch Up in July

WASHINGTON — Retail footwear prices rose 0.2 percent in July and advanced 0.6 percent compared with a year earlier, the Labor Department said Friday in its Consumer Price Index.

Women’s footwear prices rose 0.4 percent in July compared with June and increased 2 percent compared with a year earlier. Men’s footwear prices fell 0.4 percent month-to-month and rose 1 percent in 12-month comparisons.

Boys’ and girls’ footwear prices fell 1 percent compared with a month earlier, and declined 4 percent year-over-year.

Retail apparel prices, which include footwear, rose a seasonally adjusted 0.6 in July compared with a month earlier, and declined 0.3 percent in 12-month comparisons.

The overall CPI rose 0.3 percent in July compared with June, in line with expectations, and advanced 1 percent compared with a year earlier. The so-called “core index,” which excludes the volatile food and energy sectors, saw prices rise 0.1 percent in July and advance 0.9 percent year-over-year.

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