First a disclaimer:
I hereby solemnly declare that I will not be responsible – for any mishap (either foreseeable or unforeseeable) that may arise from using or misusing the advice given in this blog post. If you require legal or financial advisability of buying shoes for investment, fashion or any other purposes there are many other people out there will accept a hefty fee for providing such services. Nothing within this blog post has been reviewed by anyone other than me. My research for this post extends to 20 minutes worth of Google-ing with the Minx squawking in my ear contemporaneously. You have been warned.
As sure as I am that Cadburys Creme Eggs get smaller every year, I am positive that shoe prices have actually gone down over the years as judged against inflation data and the Consumer Prices Index.
For example, I bought these black patent leather stilettoes from Schuh in 1984. I bought a red patent leather pair at the same time. The red pair are still in commission but rarely come out of the archives. (Due to an unfortunate drain cover incident one heel is wholly unreliable on stairs). Each pair cost me £25.00 in a half yearly Schuh sale at the time. I bought them for working in an office one summer while at University. No doubt I thought they were appropriate at the time. When I wore them today I skited around across the floorboards in our offices like a cat in need of a good claw clipping.
As at 4 December 2009, a pair of Schuh Stilettos will set you back £40.00 (sale price). This means that in 25 years a pair of stilettoes at Schuh has only increased by a paltry $15.00. The CPI inflation rate in the UK in 1984 was 5.00%- in 2009 the inflation rate as it relates to clothing and shoes is sitting at about 2.9% per annum. (If there is anyone out there that knows how to do maths or can be bothered doing a comparative inflation rate for Australia, please let me know).
Put simply, it would appear that the statistics support my personal shopping based research that shoes from high street retailers have gone down substantially in price over the last quarter of a century. The same does not hold true for designer shoes such as Manolo Blahnicks sadly as the Sanity Fair Blog reports.
My recommendation is, therefore, buy more footwear immediately if not sooner. But then, I have absolutely no head for figures so you might want to get a second opinion from a slightly less shoe obsessed lawyer.