Retail

How inflation is hitting online prices of apparel to furniture

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An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019.

Michael Nagle | Bloomberg | Getty Images

Prices of goods online have now risen for an unprecedented 15 consecutive months, following what was a historical period of declines, according to a new report from Adobe Digital Insights.

Inflation is hitting categories including pet products, nonprescription drugs, apparel, furniture and flower arrangements, the report said.

The growth in digital sticker prices across the industry means e-commerce transactions are on pace to soon account for roughly $1 of every $5 spent by Americans, up from $1 of every $6 in…



Source cnbc.com

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