Footwear is different, Argentina’s CIC insists
Argentinean footwear industry body CIC has said it disagrees with official figures that suggest shoe prices in the domestic market are up by 29%.
The country’s statistics agency INDEC attributed the figure of 29% to clothing and footwear together in its inflation calculations for the first four months of this year.
CIC has objected to this, insisting that footwear prices in Argentina have risen by between 7% and 10% this year. It went on to say that INDEC ought to assess footwear and clothing separately. “Clothes and footwear behave differently,” CIC vice-president, Fernando de Vito, told local media. “We depend on different materials and components that impact each sector in a different way.”
Mr de Vito said the domestic footwear manufacturing sector was in good shape, that demand was strong and that factories were operating at full capacity.
