With Sex and the City about to hit big screens, which will surely put high fashion shoes back in the spotlight, this article from the Wall Street Journal says shoe makers are raising the price tag, bucking a decade-long trend of declining prices. So why the increase? For one, the article says higher costs in China, which make about 85 percent of the shoes sold in the U.S.. Another reason is the weak dollar, which affects the price of shoes coming from European makers. It only makes sense then that the article suggests that price increases would follow suit for handbags, belts and other leather accessories coming from China. Overall, the rising shoe prices high- and low-end brands.

Labels: fashion, money