(Bloomberg) — Online prices in the U.S. rose 3.6% last month from a year earlier, matching February’s record high, according to data compiled by Adobe Inc.
From groceries to clothes and pet products, 14 of the 18 categories tracked by Adobe recorded price increases since March 2021. Online inflation, first observed in June 2020 after years of declines, has now persisted for 22 consecutive months.
Some of the biggest price gains in Adobe’s March data:
- Apparel: 16.3%
- Groceries: 9%
- Pet products: 7%
Before Covid-19, e-commerce was a haven of discounts, with Adobe’s monthly digital price index recording persistent declines. But the pandemic has turbocharged the boom in e-commerce, adding pressure on prices and transportation costs.
The only categories where Adobe recorded a year-on-year decline in prices last month were electronics, jewelry, toys, and computers.
The software company’s price tracker covers about 1 trillion visits to retail sites and more than 100 million products.
Read More: Inflation Outlook Rises to Fresh Record in New York Fed Survey
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