The rush to online shopping during the pandemic drove prices higher for goods ordered over the internet, eroding a long-standing cost advantage ...
The rush to online shopping during the pandemic drove prices higher for goods ordered over the internet, eroding a long-standing cost advantage and possible evidence that overall inflation may become more persistent than thought, according to a new report from tech giant Adobe.
They had fallen an average 3.9per cent annually from 2014 to 2019 and began turning higher last year. Some prices continued falling. The cost of computers declined nearly 10per cent over the year, matching its average pace of decline before the pandemic. But in another key online category, electronics, the steady 9per cent annual drop in prices slowed dramatically, with the cost of goods falling just 2.5per cent
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