US inflation has increased for the 20th month! US online prices hit a new high in January!

It is learned that according to the latest online inflation data from Adobe Digital Price Index (DPI), online inflation in the United States has achieved a year-on-year growth for the 20th consecutive month in January 2022, reaching a 40-year high. This has led to an increase of 2.7% in online prices in the United States in January year-on-year and 1.1% month-on-month, breaking a new high.

In January 2022, Adobe DPI tracked 18 categories, 1 trillion retail website visits, and 100 million SKUs. The data shows that prices of 13 of the 18 categories tracked have increased year-on-year, with clothing rising faster than other categories. The categories where prices have fallen are: electronics, jewelry, books, toys, and computers. The notable categories in Adobe DPI (January 2022) are:

Groceries: Prices rose 5.8% year-over-year (up 1.2% month-over-month), the largest annual increase in the category, surpassing the high in October 2020, when prices rose 5.2% year-over-year. January 2022 also marked the 24th consecutive month of increases in online grocery prices.

Medical equipment and supplies: Prices rose 8.2% year-on-year (down 0.1% month-on-month), the highest annual increase in the category. The Omicron variant raged in January, driving greater demand for protective equipment such as nucleic acid reagents and medical masks amid overall supply constraints.

Office Supplies: After eight consecutive months of online price declines or flat year-over-year, office supplies online prices rose 1.5% year-over-year (up 2.2% month-over-month) in January. Adobe analysis shows that Omicron is the main driver of demand and price increases for home office supplies.

Electronic products: Prices fell 3.4% year-on-year (up 2% month-on-month), a larger drop than the decline in December 2021 (-2.6%).

Clothing: Prices rose 15.8% year-on-year (down 1.7% month-on-month), with the year-on-year growth rate slowing down. In November 2021, prices rose 17.3% year-on-year, and in December 2021, prices rose 16.6% year-on-year.

“While price declines in categories such as electronics and apparel have brought online inflation down slightly from last November’s record highs, online price increases continue to set new records and U.S. consumers continue to see increased demand for online grocery shopping,” said Patrick Brown, vice president of growth marketing and insights at Adobe.

Editor ✎ Estella/

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