Adobe Digital Price Index: Online Inflation Hits Record High

Adobe (Nasdaq:ADBE) today announced the latest online inflation data for the month of November 2021. Online prices hit a record highat a 3.5%year-over-year (YoY) increase while prices are down 2% month-over-month (MoM) due to holiday discounts. This is the highest YoY increase since Adobe first began tracking the digital economy in 2014, and it marks the 18th consecutive month of YoY online inflation. Apparel was a standout category with prices up 17.3% YoY and down just 0.4% MoM, reaching a record high of inflation. One dollar out of every four dollars* is now spent online in the U.S., making the digital economy a significant component of the overall economy.

The Adobe Digital Price Index (DPI) provides the most comprehensive view into how much consumers are paying for goods online. The DPI covers more than 100 million products in the U.S. and is modeled after the Consumer Price Index issued by the U.S. Bureau of Labor Statistics. The DPI is updated monthly and covers 18 product categories: electronics, apparel, appliances, books, toys, computers, groceries, furniture/bedding, tools/home improvement, home/garden, pet products, jewelry, medical equipment/supplies, sporting goods, personal care products, flowers/related gifts, nonprescription drugs and office supplies.
more at source: https://news.adobe.com/news/news-details/2021/Adobe-Digital-Price-Index-Online-Inflation-Hits-Record-High/default.

Related Posts

Costco Wholesale Corporation Announces Craig Jelinek Will Step Down as CEO, Ron Vachris Elected as New CEO

Costco Wholesale Corporation announced that Craig Jelinek has confirmed his intention to step down as Chief Executive Officer, effective January 1, 2024. The Board of Directors has elected Ron Vachris, President and Chief Operating Officer since February 2022, as President and Chief Executive Officer, effective January 1, 2024. Craig and Ron have worked hand in hand over the last twenty-one months in Ron's role as president and for many years before that. This is the culmination of the long-standing succession plan that Craig has discussed with the Board. Ron is a Costco veteran, with over forty years of service to the Company, starting as a forklift driver, and subsequently serving in every major role related to Costco's business operations and merchandising activities. "Costco has a very strong culture and a deep bench of management talent," said Craig Jelinek. "I have total confidence in Ron and feel that we are fortunate as a Company to have an executive of his caliber to succeed me."

Book Sales Rose 5.2% In Week Ended Dec. 19 (publishersweekly.com)

In the last full shopping week before Christmas, unit sales of print books rose 5.2% over the week ended December 12 at outlets that report to NPD BookScan. But unlike many weeks in 2020, unit sales fell compared to 2019, with unit sales down 3.5% from the week ended December 21, 2019. The adult segments led the gain over the week ended December 12. Unit sales of adult nonfiction increased 10.3% over the prior week as Barack Obama’s A Promised Land remained the top-seller, selling more than 327,000 copies. Since its release November 17, the memoir has been the #1 selling book in the country every week and has sold over 2,254,000 copies at outlets that report to BookScan.

USPS Ground Advantage Shipping Option Receives Favorable Review from Postal Regulatory Commission

The Postal Service announced that it received favorable review from the Postal Regulatory Commission (PRC), approving the Postal Service’s plan to implement USPS Ground Advantage on July 9, 2023. USPS Ground Advantage is the Postal Service’s enhanced ground solution. It provides a simple, reliable, and more affordable way to ship packages in two-to-five business days across the continental United States. Pricing for USPS Ground Advantage will reflect a decrease of 1.4 percent relative to predecessor USPS shipping products, specifically retail prices will be 3.2 percent lower and commercial published prices will be 0.7 percent lower in comparison.
Back To Top
×Close search
Search