Online prices in the US in July 2023 fell 1.6 per cent year-over-year (YoY), marking the 11th consecutive month of YoY price decreases, with the majority of categories—11 of 18—tracked by Adobe’s Digital Price Index (DPI) seeing falling prices on an annual basis. On a month-over-month (MoM) basis, online prices fell 0.9 per cent in July.In July, 11 of the DPI’s 18 categories saw YoY price decreases. Moreover, seven categories experienced YoY price increases, including categories like apparel.
Online prices in the US in July 2023 dropped 1.6 per cent YoY, marking the 11th straight month of YoY decreases.
Out of 18 categories, 11 witnessed annual price falls, with July's prices falling 0.9 per cent MoM.
While notable drops were seen in categories such as bedding, falling 3.5 per cent YoY, seven including apparel, experienced YoY price increases.
July’s YoY price decline was driven by notable drops in categories such as bedding which fell 3.5 per cent YoY, down 0.7 per cent MoM.
ALCHEMPro News Desk (NB)
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