Press release
Media Alert: Adobe Digital Price Index: Online Inflation Hits Record High at 3.6%
February marked 21st consecutive month of online inflation Prices for tools and home improvement hit record high Apparel prices rose more than any other
About this update from Adobe Inc.
[{"type":"text","content":"\n\nFebruary marked 21st consecutive month of online inflation\n\n\nPrices for tools and home improvement hit record high\n\n\nApparel prices rose more than any other category, up 16.7% year-over-year \n\n\n \n\n SAN JOSE, Calif.--(BUSINESS WIRE)--\nAdobe (Nasdaq:ADBE) today announced the latest online inflation data from the Adobe Digital Price Index (DPI). In February 2022, online prices increased 3.6% year-over-year (YoY) and 0.1% month-over-month (MoM). This is a new record high, after the previous record in November 2021 when prices rose 3.5% YoY. It marks the 21st consecutive month of YoY online inflation. In February, tools and home improvement were a standout category, with prices seeing their highest annual increase at 7.8% YoY (up 0.8% MoM). Apparel increased 16.7% YoY (up 0.3% MoM), more than any other category. In groceries, prices increased 7.6% YoY (up 1.9% MoM), a record high for the category.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220310005027/en/(Graphic: Business Wire)\nThe DPI provides the most comprehensive view into how much consumers pay for goods online. Powered by Adobe Analytics, it analyzes one trillion visits to retail sites and over 100 million SKUs across 18 product categories: electronics, apparel, appliances, books, toys, computers, groceries, furniture/bedding, tools/home improvement, home/garden, pet products, jewelry, medical equipment/supplies, sporting goods, personal care products, flowers/related gifts, non-prescription drugs and office supplies.\n\nIn February, 13 of the 18 categories tracked by the DPI saw YoY price increases, with apparel rising the most. Price drops were observed in five categories: electronics, jewelry, books, toys and computers.\n\nOn a MoM basis, 13 of the 18 categories saw February price increases, with price drops observed in categories including electronics, jewelry, appliances, computers and medical equipment/supplies.\n\nNotable Categories in the Adobe Digital Price Index (February 2022)\n\n\nTools and Home Improvement: Prices were up 7.8% YoY (up 0.8% MoM), the highest increase for the category on an annual basis. The previous high point was over the 2021 holiday season, where online prices were up 7.1% YoY in December 2021. February also marks the 15th consecutive month of YoY inflation for ...