Online Prices in US Jumped 2.1% in August Led by Surge in Groceries
On an annual basis, food prices jumped a record 14.1% in August.
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Online prices in the US rose 2.1% in August from the previous month, driven by a jump in the cost of groceries, according to the Adobe Digital Price Index.
The sharp monthly increase pushed the annual rate of online inflation up to 0.4%, Adobe said. The previous month, online prices had declined from a year earlier for the first time since 2020. Before the pandemic, the price of goods bought via e-commerce had been falling steadily for several years.