” Online Grocery Prices Continue To Climb, Even As Overall Inflation Eases. “
Online grocery prices were 9.3% higher in April than they were a year ago, despite price declines in most of the categories tracked by the Adobe ADBE -1.8% Digital Price Index. The April numbers were released today by Adobe.
Today’s report shows once again how persistent inflation is in the online grocery category. Demand for the convenience of online grocery shopping remains strong, despite rising prices.
While the pace of price increases in the online grocery category has slowed over the past seven months, groceries continue to see the steepest price hikes of the categories tracked by Adobe.
“Consumers are increasingly buying more of their groceries online, and this category has generally moved in lock step with the Consumer Price Index,” Adobe reported.
Adobe reported in March that the grocery category saw the biggest jump in online sales in 2022, with spending rising 10.8%, to $86.8 billion.
Overall, online prices were down 1.8% in April compared to April, 2022, led by double-digit drops in some of the largest online categories, including electronics.
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