CNN Business | Good inflation news: Online shopping prices are suddenly falling fast

New York (CNN Business) – The world of online shopping was long immune to inflation until Covid-19 turned everything upside down.

E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of increases that underscored the severe price pressures hitting the US economy.

That streak has finally ended. Online prices declined by 1% year-over-year in July, snapping a string of nearly two years of persistent inflation, according to a report released Tuesday by Adobe.  —read more–