Skip to main content

Footwear Prices Stumble in March

Though overall inflation rose in March, according to data just released by the U.S. Department of Commerce, footwear prices continued their move downward.

Overall inflation increased by a more-than-expected 1.5% in March, much of it due to housing and food price increases. Though energy prices were tamed a bit, the core inflation rate, which excludes food and energy, rose by 1.7 percent.

The price index for apparel swung from a 0.4 percent drop last month to a 0.8 percent increase in March.

Footwear prices, however, dropped by 1 percent, their fifth straight month of decline.


Women’s footwear prices edged down by 0.4% in the month, while men’s footwear prices fell by 1.2%.

The infant’s and children’s category, the only one to sustain an increase, rose 0.7%. This was driven by an increase in baby footwear. The index for boy’s and girl’s prices dropped 1.6%.


The footwear sector, which has seen prices decline for several months now, has become increasingly oversupplied and competitive. Many apparel brands have added footwear to their collections as a way to grow sales, and the growth of e-commerce players like Zappos, and the online store at DSW has allowed consumers to shop around for the best price.