Deflation alert: Prices for digital products declined last month in the US
Posted on AllSides August 9th, 2022
From The Center
ANALYSIS
Americans shopping online got a break from soaring prices in July. Overall, prices for online goods fell by 2% on the month, as electronics, electronics, clothes, and toys became cheaper, according to the Adobe Digital Price Index.
It was the first drop in more than two years of rises as consumers cut back on online shopping and businesses discount overstocked inventories.
Some content from this outlet may be limited or behind a paywall.
