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Adobe Digital Price Index: E-Commerce Enters Deflation for the First Time in Over Two Years
Online prices dropped 1% year-over-year and 2% month-over-month in July Electronics, apparel and toys drove down prices online, while food costs remained elevated Consumers spent $73.7 billion online in July, down from $74.1 billion in June Adobe (Nasdaq:ADBE) today announced the latest online inflation data from the Adobe Digital Price Index (DPI), powered by Adobe Analytics . In July 2022, online prices decreased 1% year-over-year (YoY)—after increasing 0.3% YoY in June and 2% YoY in May—and d