The findings bode well for the inflation crisis, signaling a potential easing of the pricing pressures that have squeezed consumers and raised recession fears.
The world of online shopping was long immune to inflation until Covid-19 turned everything upside down.
People are also reading… Of course, it may take considerable time before inflation gets anywhere back to normal levels, and Adobe noted that online grocery prices continue to surge.Consumer prices surged by 9.1% year-over-year in June, the biggest increase in more than 40 years. A new report due out on Wednesday is expected to show inflation eased in July, though remained uncomfortably high at 8.7%.
The online deflation was led by a 9.3% year-over-year plunge in electronics prices, Adobe said, the area consumers spend the most.