Footwear Prices Decline in December

Retail prices of footwear fell a seasonally adjusted 0.8 percent in December, while increasing 1.5 percent year-over-year, said the U.S. Labor Department Friday in its Consumer Price Index.

Men’s footwear prices slipped 0.6 percent for the month, but increased 3.9 percent for the year. Women’s footwear prices declined 2.1 percent in December and fell 1.5 percent in 12-month comparisons. Boys’ and girls’ footwear prices increased 1.6 percent for the month and spiked 4.6 percent year-to-year.  

General apparel prices, which include footwear, fell 0.9 percent in December and dropped 1 percent compared with a year ago. Prices for all goods and services dropped 0.7 percent in December and rose 0.1 percent in 12-month comparisons, the smallest year-over-year increase since 1954.

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