Why sneaker prices are at a 40-year high, with one economist comparing them to an 'erratic' EKG

Jan 6 2023 by Business Insider

 
Footwear prices soared in 2022, but should moderate in 2023. But don't expect price cuts on popular franchises like Nike's Dunks (pictured).

Melodie Jeng/Getty Images

Footwear prices increased more in 2022 than in any of the previous 40 years. Americans spent a record $104.8 billion on footwear last year. A sneaker economist expects footwear inflation to moderate this year. 

Footwear prices increased more in 2022 than in any of the previous 40 years. 

But the price of sneakers likely won't go...

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