Adobe Digital Price Index: Online Prices Fall For Eighth Consecutive Month, Dropping 1.8% In April

Adobe (Nasdaq:ADBE) announced the latest online inflation data from the Adobe Digital Price Index (DPI), powered by Adobe Analytics. Online prices in April 2023 fell 1.8% year-over-year (YoY), marking the eighth consecutive month of YoY price decreases, with the majority of categories (11 of 18) tracked by Adobe seeing falling prices on an annual basis. On a month-over-month (MoM) basis, online prices fell 0.7% in April.

April’s YoY price decline was driven by notable drops in categories such as appliances, which fell 7.1% YoY (down 2.1% MoM), the largest YoY drop for the category since Adobe began tracking online prices in 2014. Prices continued to fall YoY in categories including sporting goods (down 6.4% YoY, up 1.5% MoM), toys (down 5.9% YoY, down 0.2% MoM) and home/garden (down 5.6% YoY, down 0.8% MoM). Steeper YoY declines were observed in electronics, which fell 11.6% YoY (up 0.5% MoM), as well as computers, which fell 15.4% YoY (up 1.9% MoM).

Although the grocery category has experienced persistent inflation, YoY price increases have now slowed for seven consecutive months. Grocery prices were up 9.3% YoY (up 0.4% MoM), a smaller jump compared with March 2023’s 10.3% YoY and February 2023’s 11.4% YoY increases. The rate of growth peaked in September 2022, when prices rose 14.3% YoY. For another non-discretionary category – personal care – prices were up 3% YoY (down 1.1% MoM), compared with 4.4% YoY growth in March 2023, and an even more substantial 6.1% YoY increase in February 2023.
more at: https://news.adobe.com/news/news-details/2023/Media-Alert-Adobe-Digital-Price-Index-Online-Prices-Fall-For-Eighth-Consecutive-Month-Dropping-1.8-In-April/default.aspx

Related Posts

Target Corporation Reports Third Quarter Earnings

*Third quarter comparable sales grew 12.7 percent, on top of 20.7 percent growth last year. -Comparable sales growth was driven entirely by traffic. -Store comparable sales increased 9.7 percent, on top of 9.9 percent growth last year. -Digital comparable sales grew 29 percent, following growth of 155 percent last year. -Same-day services (Order Pickup, Drive Up and Shipt) grew nearly 60 percent this year, on top of 200 percent last year. -More than 95 percent of Target's third quarter sales were fulfilled by its stores. *All five core merchandise categories delivered double-digit comparable sales growth, on top of strong sales performance last year.

For Back to School, Savvas Supports Educators and Students With Innovative Solutions to Maximize Personalized Learning

As students return to the classroom for the new school year, Savvas Learning Company is helping educators move learning forward with engaging, easy-to-use K-12 solutions that offer data-informed instruction and adaptive technology to take personalized learning to the next level. “A one-size-fits-all instructional approach doesn’t work in a classroom where every student brings their own unique learning style. More than ever, personalized learning is critical in getting students engaged and motivated to learn and supporting academic growth,” said Bethlam Forsa, CEO of Savvas Learning Company. “Teachers know best how to personalize learning for their students. This is why Savvas delivers learning solutions that are powered by adaptive technology, enabling educators to easily tailor instruction to address each student’s learning needs, interests, and abilities.”

AAP February 2021 StatShot Report: Publishing Industry Up 24.7% For Second Month 2021, And 16.4% Year To Date

The Association of American Publishers released its StatShot report for February 2021 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Total revenues across all categories for February 2021 were up 24.7% as compared to February 2020, coming in at $964.5 million. Year to date revenues were up 16.4%, at $2.2 billion for the first two months of the year. click read more below for details
Back To Top
×Close search
Search