Tuesday, November 19

Inflation also impacts the costs of children's footwear in the United States

Inflation does not give way throughout the United States every day it is more expensive to acquire basic products, as well as common use, a situation that is impacting the pockets of millions of American families, who throughout this 2021 have had to battle with countless price increases .

According to the Bureau of Statistics United States Labor, in September, the prices of children’s shoes soared by almost 12% compared to the previous year, that is, more than double the general increase in prices of consumer products last month.

According to an estimate by Footwear Distributors and Retailers of America (FDRA), children’s shoes now cost more on the market in 70 years For this reason, the FDRA, which brings together more than 500 companies, sent a letter to President Joe Biden so that f in relation to this phenomenon.

In the letter addressed to the president, the organization pointed out that the fees imposed in the management from Donald Trump to footwear imported from Asian countries, is putting shoe sellers in trouble, so they requested that these taxes be reduced to lower the costs of children’s shoes .

The Footwear Distributors and Retailers of America stated that current rates represent almost a third of the retail price of some children’s shoes. In this sense, the organization made it clear that the increases that are taking place directly affect low-income families, who have not yet finished recovering from the economic crisis derived from the Covid pandemic – 19.

According to a survey conducted by Emerson College, almost 1. 200 people earlier this month, it was noted that consumers plan to spend on shoes this holiday season. The study indicated that about half say they will spend between $ 100 and $ 250 dollars on everything Footwear. Meanwhile, the 39% expects to disburse more than last year.

So far, no made known if President Joe Biden heeded the organization’s request, but for a few months, officials who are dedicated to the country’s economic policy have said that inflation is a temporary phenomenon and that prices are will stabilize again .

Unlike the official positions, businessmen and economists assure that inflation will stabilize until the middle of the following year, so that American families They will continue to struggle with rising prices.

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