Shoe prices on the rise

Tag: China shoes export

Whether its a stiletto, a wedge, or just a plain flat, it's safe to say that next to diamonds, shoes are a girl's best friend.

Nowadays, higher fuel and manufacturing costs are affecting the soles on your feet.  Italian and European imports have already increased in price, and how it is hitting those name brands made in China.  How soon will we see price spikes...and by how much?

"Analysts say that shoe prices are going up between 10 and 15 percent over the course of the next 12 to 15 months," says Rachel Dodes of the Wall Street Journal.

Whether shoes are made for walking or just looking good, the economic pressures on the manufacturers are the same.

"China produces 85% of the shoes that are purchased in the U.S.  Labor prices are going up, the U.S. Currency has weakened against the Chinese currency, transportation costs are going up, as a result of oil prices, and materials costs are going up," says Dodes.

Try to get more for your money by tracking department store clearance sales.  Go to the sales rack first and use those store coupons for discounts.

If you're an easy fit, try ordering from discount sites online.  If you're a tough fit, skimp on something else and indulge your feet.