Online shopping prices are dropping fast, report says
(CNN) - Consumers who shop online are getting a break.
E-commerce prices dropped 1% in July on a year-over-year basis, according to Adobe.
Researchers there also say that online prices fell 2% in July on a month-over-month comparison.
Although analysts say these findings could result in the easing of concerns about a recession, they say it could be a while before overall inflation returns to normal.
Adobe says a lack of consumer confidence, less spending and overstocked retailers are the likely factors in falling prices.
A report due Wednesday is expected to show U.S. inflation was 8.7% last month. While that would be down from the 9.1% reported in June, it still remains higher than usual.
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