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Online US Inflation Slows Again, But Groceries Rise Most of All

  • Most goods saw prices dip, reflecting less discretionary spend
  • Grocery prices jumped a record 11.7% in May, Adobe data show
Inside a grocery store in San Francisco.

Inside a grocery store in San Francisco.

Photographer: David Paul Morris/Bloomberg

Price growth of goods online in the US decelerated in May for a second month but grocery prices surged, the first time in which they’ve risen the most of any category tracked by Adobe Inc.

Online inflation rose 2% in May from a year ago, down from 2.9% in April and the record 3.6% in March, Adobe said in a release Thursday. Ten of the 18 components tracked, including electronics and toys, saw prices fall in the month, indicating consumers may be pulling back on discretionary spending.