Online prices just saw their biggest drop in three
years according to new data from Adobe Analytics,
which found that e commerce prices fell 3.2% in August year over
year with big drops in the prices of computers and electronics.
Month to month prices increased 4/10 of a percent which
Adobe credited to discounts offered during Amazon prime day.
Meanwhile,
grocery prices were still 5% higher than 2022 but prices fell
month to month for the first time in over two years.
Of course,
we will get more inflation data when
August's consumer price index is released tomorrow,
that's the Federal Reserve's preferred measure of inflation.