Prices are still high, but consumers got some relief last month when deflation occurred across 14 merchandise categories.
“Wavering consumer confidence and a pullback in spending, coupled with oversupply for some retailers, is driving prices down in major online categories like electronics and apparel,” said Patrick Brown, vice president of growth marketing and insights, Adobe. “It provides a bit of relief for consumers, as the cost of food continues to rise both online and in stores.”
In June, electronics prices online were down 7.3 percent year-over-year, and down 6.5 percent year-over-year last May. The Adobe Digital Price Index, developed by Adobe Analytics, analyzes one trillion visits to retail sites and over 100 million stock keeping units across 18 product categories. Groceries, tools/home improvement, pet products, and non-prescription drugs experienced inflation last month.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blockchain Vulnerability Report—ΞthernautDAO Car Token CTF | HackerNoonFind out how HYDN won the recent EthernautDAO CTF Challenge by hacking the smart contracts after finding the blockchain's vulnerabilities and exploiting them.
Read more »
New Orleans Cop Ignored Witness Who Reported Nearby Rape: ReportA distraught witness begged a police officer to help an unconscious woman being openly raped on a street corner. According to audio of a 911 call, the officer didn’t move.
Read more »
Ezra Miller Charged With Felony Burglary in Vermont: ReportEmbattled “Flash” star Ezra Miller has been accused of swiping several bottles of alcohol from a house while the owners were not present.
Read more »
Construction Report: Sidewalks added to 5th and 8th Avenue in North PoleIn between Santa Claus Lane and Snowman Lane in North Pole, two intersections are undergoing construction work this summer.
Read more »
Cardano (ADA) Is Priced “More Aggressively,” Report ShowsCardano (ADA) is priced more aggressively compared to its adoption metrics, according to data provided by Messari
Read more »