Online shopping prices drop
On Tuesday, Adobe released its latest Digital Price Index report, which showed that July’s prices fell 1 percent year-over-year and 2 percent on a monthly basis. It was the first recorded period of deflation after 25 months in a row of rising prices for goods, Adobe found.
So if you opted not to splurge on Prime Day and regret it, or simply have a little room in your summer budget, just remember that all categories of online prices didn’t behave equally.
The five biggest declines month-over-month were:
Of the 18 categories Adobe tracks, the only ones that continue to see red-hot inflation numbers were Pet Products, Grocery, Nonprescription Drugs and Tools & Home Improvement. Pet Products led the pack month-over-month with a 1.72 percent jump.