Credit: CC0 Public Domain
After years of reliably falling prices, e-commerce goods are becoming much costly amid the upheaval of the COVID-19 pandemic, said a study released Thursday by Adobe.
The study shows however online commerce—a venue wherever pricing transparency often results successful discounting—is experiencing galore of the aforesaid pricing pressures successful the broader system owed to proviso concatenation problems and higher shipping and labour costs.
In October 2021, online prices were up 1.9 percent twelvemonth implicit year, the 17th consecutive period of ostentation since June 2020 and a marked displacement from the pre-pandemic epoch erstwhile online prices reliably fell, according to Adobe's integer terms index.
In October 2019, prices were down 6.6 percent twelvemonth implicit twelvemonth heading into the holiday season, the study said.
"You've had the conventional wisdom that's its ever disposable and it's ever cheaper online," Vivek Pandya, a pb expert for the scale astatine Adobe, said successful an interview.
"And that's what's getting turned connected its caput successful the pandemic."
Pandya said e-commerce consumers had go accustomed to a seasonal cadence successful which prices typically fell particularly sharply successful the months heading into the vacation buying season.
But this year, astir types of goods are either seeing price increases oregon experiencing smaller than emblematic terms drops.
For example, the terms of electronics was down 0.6 percent successful October 2021 compared with the year-earlier period. In contrast, electronics prices were typically down 9.1 percent connected mean betwixt 2015 and 2019, Adobe said.
Online market prices roses 3.2 percent successful October compared with the year-ago level, overmuch supra 0.5 percent mean betwixt 2015 and 2019.
The interaction connected groceries is particularly important, fixed that much consumers person been ordering nutrient during the pandemic.
Online market income successful aboriginal November are presently up 174 percent compared with January 2020, according to Adobe.
© 2021 AFP
Citation: Inflation question extends to e-commerce: Adobe (2021, November 18) retrieved 18 November 2021 from https://techxplore.com/news/2021-11-inflation-e-commerce-adobe.html
This papers is taxable to copyright. Apart from immoderate just dealing for the intent of backstage survey oregon research, no portion whitethorn beryllium reproduced without the written permission. The contented is provided for accusation purposes only.
English (US) ·