...
  • About
  • Terms of Use
  • Privacy Policy
  • Contact
  • RSS
  • en_USEnglish
    • fr_FRFrançais
    • es_ESEspañol
Monday, March 20, 2023
  • Login
  • Register
THX News | Global News, Travel & Education.
Find Weird and Wonderful Books at AbeBooks
  • USA
  • Canada
  • Central America
  • South America
  • Europe
  • Middle East
  • Africa
  • Asia
  • Oceania
No Result
View All Result
THX News | Global News, Travel & Education.
  • USA
  • Canada
  • Central America
  • South America
  • Europe
  • Middle East
  • Africa
  • Asia
  • Oceania
Comtact Us
THX News | Global News, Travel & Education.
No Result
View All Result
Home News Technology

Adobe Online Prices Fall 1.4% In February 2023

Adobe Reports Rising Food Costs Continue to Cool.

picturebox1 by picturebox1
2 weeks ago
in Technology
Reading Time: 5 mins read
0 0
A A
Adobe HQ. Photo by atmtx. Flickr.

Adobe HQ. Photo by atmtx. Flickr.

0
VIEWS
Share on FacebookShare on TwitterShare on Pinterest

Table of Contents

  • Notable Categories in the Adobe Digital Price Index for February
  • Additional Insights on the Digital Economy
  • Methodology

 

Adobe has just announced the latest online inflation data from the Adobe Digital Price Index (DPI), powered by Adobe Analytics.

Online prices in February 2023 fell 1.4% year-over-year (YoY), marking the sixth consecutive month of a YoY price decrease, with over half of the categories (10 of 18) tracked by Adobe seeing falling prices on an annual basis.

On a monthly basis, online prices in February fell 0.3%.

February’s YoY price decline was primarily driven by sharp drops in discretionary categories including electronics (down 12.6% YoY, down 1.7% MoM), computers (down 16.4% YoY, down 1.4% MoM) and toys (down 6.5% YoY, down 0.4% MoM).

Consumers also saw prices fall YoY for home goods: Appliances were down 3.8% YoY (down 1.8% MoM), while home/garden products fell 3.8% YoY (up 0.2% MoM).

The furniture/bedding category fell for the first time after rising for 33 consecutive months, dropping 0.1% YoY (down 0.6% MoM).

In certain categories with persistent inflation, YoY price increases have slowed in recent months. Grocery prices were up 11.4% YoY (up 0.8% MoM), down from January 2023’s 12.6% YoY increase. This marks the fifth consecutive month where YoY price increases for groceries have decelerated from September’s record high, when prices rose 14.3% YoY.

In the apparel category, prices were up 5.1% YoY (up 0.3% MoM); Contrast this with February 2022, when apparel prices were up 16.7% YoY.

In another category such as tools/home improvement, prices rose 6.2% YoY (flat MoM), down from January 2023’s 6.9% YoY increase and December 2022’s 8.3% YoY increase.

 

Adobe-Digital-Price-Index_February-2023_Groceries-YoY-Change
Adobe Digital Price Index February 2023 Groceries YoY Change. Adobe.

 

Notable Categories in the Adobe Digital Price Index for February

Adobe’s Digital Price Index provides the most comprehensive view into how much consumers pay for goods online, complementing the Bureau of Labor Statistics’ Consumer Price Index, which captures offline prices.

Powered by Adobe Analytics, the DPI 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.

In February, ten of the DPI’s 18 categories saw YoY price decreases, with the flowers/related gifts category falling the most at 25% YoY.

Eight categories experienced YoY price increases, including personal care, office supplies, pet products, groceries, non-prescription drugs, tools/home improvement, medical equipment/supplies and apparel.

On a MoM basis, six of the 18 categories in the DPI saw prices fall. Price increases were observed in twelve categories including personal care, office supplies, books, home/garden, pet products, groceries, non-prescription drugs, tools/home improvement, flowers/related gifts, sporting goods, medical equipment/supplies and apparel.

 

Notable categories for February 2023 include:

  • Groceries: Prices rose 11.4% YoY (up 0.8% MoM) but have slowed in the past five months, rising 12.6% YoY in January, 13.5% YoY in December, 13.7% YoY in November and 14.0% YoY in October. In September, prices peaked, rising 14.3% YoY. Consumers are increasingly buying more of their groceries online, and this category has generally moved in lock step with the Consumer Price Index.
  • Furniture & Bedding: Prices were down 0.1% YoY (down 0.6% MoM), after rising for 33 consecutive months, peaking in March 2021 when prices rose 5.7% YoY. A year ago, in February 2022, prices were up 4.7% YoY. Consumers have become increasingly comfortable buying furniture online, after a pandemic where many wanted to spruce up their living spaces and had no choice but to tap e-commerce.
  • Electronics: Prices have fallen sharply in recently months, dropping 12.6% YoY in February (down 1.7% MoM) and 11.9% YoY in January. Contrast this with a year ago, in February 2022, when prices were down 3.2% YoY. As a major discretionary category, electronics prices continue to see sharp drops even after the holiday shopping season where prices fell 12.0% YoY in December and 13.4% YoY in November (a record YoY price drop driven by heavy discounting during Cyber Week).
  • Apparel: Prices were up 5.1% YoY (up 0.3% MoM). In recent months, price increases for the category have slowed (up 5.1% YoY in January, up 0.9% YoY in December, up 3.2% YoY in November) compared to a year ago when prices rose 16.7% in February 2022 (up 15.8% YoY in January 2022, up 16.6% YoY in December 2021, up 17.3% YoY in November 2021).

 

Additional Insights on the Digital Economy

As more daily activities move online, timely e-commerce insights have become critical for businesses and policymakers to understand how consumer habits are changing.

As the leading authority on the digital economy, Adobe analyzes trillions of real-time online transactions to uncover the most important trends. Today, Adobe has partnered with The Weather Company, an IBM business, to leverage weather data from the world’s most accurate forecaster.

A new report shows that disruptive weather events (rain, snow and wind) boosts e-commerce by over $13 billion a year when consumers are pushed to stay home—more than what shoppers spend during an entire Cyber Monday.

 

Methodology

Adobe’s DPI is modelled after the Consumer Price Index (CPI), published by the U.S. Bureau of Labor Statistics, and uses the Fisher Price Index to track online prices.

The Fisher Price Index uses quantities of matched products purchased in the current period (month) and a previous period (previous month) to calculate the price changes by category.

Adobe’s analysis is weighted by the real quantities of the products purchased in the two adjacent months.

Powered by Adobe Analytics, Adobe uses a combination of Adobe’s AI and machine learning framework Adobe Sensei and manual effort to segment products into the categories defined by the CPI manual.

 

Sources: THX News & Adobe.

Tags: AdobeAdobe Online Prices FallOnline Prices Fall
picturebox1

picturebox1

I'm Ivan Alexander Golden, Founder & CEO of THX News. A dual national, British-American based in Tucson, Arizona. Proud husband and father to 6.

With THX News, I'm driven to bring you the latest news with passion and point-of-view that is both original and trustworthy.

Related Posts

UCR Palm Desert campus. Photo by Randy Heinitz. Flickr.
Technology

University of California, Riverside Chooses Google Cloud for Upgrades

March 9, 2023
Intel blogger meeting. Photo by Daiji Hirata. Flickr.
Technology

Uncover the Insights of Data Center and AI Investing with Intel

March 8, 2023
Mobile phone displaying social media page app. Photo by Gerd Altmann. Pixabay.
Technology

Redefining App Creation: Appy Pie Unveils AI Generator

February 26, 2023
Scene from NVIDIA's CES 2015 booth. Photo by NVIDIA Corporation. Flickr.
Technology

NVIDIA Fourth Quarter Results 2022 and Fiscal 2023

February 23, 2023
What Tanzanians think about TTCL Customer Service. Photo by Wayan Vota. Flickr.
Technology

Why are Mobile Phone Customer Services So Bad in 2023?

February 16, 2023
Facebook. Photo By Alexander Shatov. Unsplash.
Technology

The Future of Social Media – Inside Facebook’s Push for a Metaverse

January 14, 2023


 

History

The Surprising Impact of Hernando Corte’s Conquests

by Tuhin Hossain
January 21, 2023
0
Hernan Cortes. Photo By José Lira. Flickr.

  Hernando Corte's conquest of the Aztec Empire in 1521 is considered one of the most significant events in world...

Continue Reading

Discovering Chairman Mao: Unshackling the Chinese People

by picturebox1
January 20, 2023
0
30 Dec 1972 - Chairman Mao Meets Foreign Minister Nguyen Thi Binh. Peking, China by Manhhai. Flickr.

  Introduction Chairman Mao Zedong was a revolutionary leader who changed the course of Chinese history. He led the Chinese...

Continue Reading

Exploring the Life and Legacy of Francisco Pizarro

by Tuhin Hossain
January 20, 2023
0
Estatua de Francisco Pizarro. Photo By Rogelio_Gómez. Flickr.

  Francisco Pizarro is one of the most famous and influential figures in the history of the Americas. His actions...

Continue Reading
AbeBooks.com. Thousands of booksellers - millions of books.

Asian Travel

First Kadiwa ng Pangulo in Bicol P1.2-M Sales – Marcos Pleased

by picturebox1
March 19, 2023
0
Sugarcane Crops, Negros Philippines. Photo by Adam Cohn. Flickr.

  The government has announced today that more Filipino sellers and consumers are enjoying the benefits of the Kadiwa ng...

Continue Reading

Philippines Gov’t Gives P10K Food Packs to Fire Victims in Baguio

by picturebox1
March 17, 2023
0
Last Minute Market Shopping. Photo by Daniel Y. Go. Flickr.

  The Department of Social Welfare and Development (DSWD) Field Office in the Cordillera Administrative Region (FO-CAR) will provide PHP10,000...

Continue Reading

President Marcos Leads Drive to Reduce Rice Prices to PHP20 per Kilo

by picturebox1
March 16, 2023
0
President Ferdinand R. Marcos Jr launched the first Kadiwa ng Pangulo. PH.GOV.

  President Ferdinand R. Marcos Jr. on Thursday led the launch of Bicol Region’s first Kadiwa ng Pangulo in Pili,...

Continue Reading
American National Standards Institute Inc.

Middle East News

16 Days of Activism: Gender awareness and sensitivity in Palestinian media

by picturebox1
February 5, 2023
0
Photo by UNODC. United Nations.

  As part of the UN Secretary-General’s campaign for 16 Days of Activism against Gender-Based Violence 2022, entitled “UNITE! Activism...

Continue Reading

United States and Qatar Sign Letter of Intent on Bilateral Cooperation.

by picturebox1
December 9, 2022
0
President Biden, with Secretary of State Anthony Blinken. Photo by PACOM. Flickr.

  Official US Government Statement. Secretary Blinken and Deputy Prime Minister and Foreign Minister Mohammed bin Abdulrahman bin Jassim Al...

Continue Reading

World Cup Qatar 2022™ FIFA Legacy Fund Announced.

by picturebox1
December 9, 2022
0
FIFA World Cup Qatar 2022™ Legacy Fund to benefit people most in need. Photo By FIFA.

  FIFA President Gianni Infantino has announced that the FIFA World Cup Qatar 2022™ Legacy Fund will take a more...

Continue Reading
THX News | Free News, Travel & Education

THX News is a global news, travel & education website that was created to helping people all over the world get free access to information.

We believe that everyone has a right to know what is happening in the world and we are on a mission to make sure that everyone has access.

THX News includes up-to-date news stories from around the globe, interesting travel articles, and helpful educational resources.

We are committed to providing our readers with accurate and reliable information and we will continue working hard to be the go-to source for news, travel, and education.

Latest & Breaking

Union City and Shop committee of Manhattan calling workers to an ILGWU meeting, June 15, 1952. Photo by Kheel Center, Cornell University Library. Flickr.

The Post WWII War Business Boom in North America 

March 20, 2023
Vision' de Chen Man. Photo by Jean-Pierre Dalbéra. Flickr.

LiveArt, NY to Revolutionize Digital-Art Space

March 20, 2023
CommonHealth workers. Photo by International Women's Health Coalition. Flickr.

Common Health Southeast Asia Goes Online for Chronic Disease Care

March 20, 2023
Dame Barbara Windsor. Photo by Andy Thornley. Flickr.

New Leaders to Tackle Dame Barbara Windsor Dementia Mission

March 20, 2023

Categories

Archives

Article Search

No Result
View All Result
  • About
  • Terms of Use
  • Privacy Policy
  • Contact
  • RSS
  • en_USEnglish

© 2023 THX News LLC.

No Result
View All Result
  • News
  • Travel
  • Education
  • About Us
  • Help
  • Contact
  • Login
  • Sign Up

© 2023 THX News LLC.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.