E-Commerce Prices Rose 3.6% YoY, but Online CE Prices Fell 4.2%: Adobe
Consumers spent $83.1 billion online in March, a 7% year-on-year increase from stimulus-fueled spending in March 2021, and up from $67 billion in February, Adobe reported Tuesday. Fourteen of the 18 categories tracked by Adobe’s Digital Price Index (DPI) had…
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price increases, but electronics prices dropped 4.2% year on year and nearly 1% from February. Consumers paid $2.8 billion more for the same amount of goods in March, when online prices rose 3.6% year on year and 0.3% month to month, Adobe said. Online inflation occurred in 22 consecutive months, beginning in June 2020 when prices rose 0.6% year-over-year, it said. Out-of-stock messages bumped to 3.1 billion in March from 2.8 billion in February, which had three fewer days. Ongoing demand indicates shoppers are “increasingly comfortable with product substitution,” Adobe said. The Department of Labor said Tuesday the consumer price index rose 8.5% year on year.