Encouraging inflation news: Online prices keep dropping | CNN Business

Adobe said e-commerce prices were 1.6% lower than the year before, marking the fourth consecutive month of annual price declines. For many years, online prices did nothing but fall as e-commerce was immune to inflationary pressures. That changed following the start of the Covid-19 pandemic as strong demand and supply chain trouble lifted online prices. Vivek Pandya, lead analyst at Adobe Digital Insights, told CNN the return of falling prices is a big positive for consumers.

The categories experiencing the biggest annual price drops include computers , electronics , toys and sporting goods , Adobe said. “Retailers, who were either dealing with excess inventory or contending with a softening spending environment, embraced big discounts this year to drive volume,” Pandya said. Prices are still rising year over year in products that typically lack heavy discounts, including personal care and medical equipment . Grocery prices jumped 13.

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Grocery prices are still sky high and the price of diesel is almost $5/gallon. That price seems to be the determining factor for how prices go so until that price drops dramatically we’re in big trouble

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Bernard Kalb, founding CNN 'Reliable Sources' anchor, dies at 100 | CNN BusinessBernard Kalb, the long-time journalist and founding anchor of CNN’s “Reliable Sources” program, died on Sunday at his home in North Bethesda, Maryland, his family said. He was 100. RIP This might be the most honest post has posted in quite some time. CONGRATULATIONS! For posting an obituary. Power of Banana shares our deepest condolences. May he have access to an abundance of bananas in heaven
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Business News - Latest Headlines on CNN Business | CNN BusinessView the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Great, now all I need is some money to dump into a 401k Good news for you people who don't need money before age 73. The Federal match is unconstitutional: it is illegal to take after-tax govt revenue and incentive a tax-deferred account that is 100% taxed on distributions. Why force 401ks by making it automatic? It has penalties, restricts choices, and 100% of each $1 distribution is taxed!
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