USA: Inflation rises above 8%, more moderate increase in footwear prices
In August, footwear retail prices rose 5% over the past year, slower than the 7% posted in February, the second-highest increase in 33 years. Men’s footwear prices rose 4%, women’s climbed 4.9% and kids’ expanded 6.8%. These gains in all three categories are a bit slower than noted in recent months, the FDRA said. [Footwear Prices Show ‘Nascent Signs’ of Moderating as Inflation Continues to Rise- FN]
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