Falling Online Prices Point To US Goods Deflation Continuing

Prices for online goods in the United States fell 1% in January compared to the year before, the fifth consecutive monthly drop, according to new data that offered evidence of the momentum Federal Reserve officials see lowering overall inflation.

Adobe's Digital Price Index (DPI), structured around the same categories of goods in the U.S. Labor Department's Consumer Price Index (CPI), rose on a month-to-month basis from December to January as a result of steep holiday discounting.