There was a time when online shopping was an inexpensive and effective way to find obscure merchandise and avoid a trip to the store. Then the coronavirus struck and turned the web into a way for homebound consumers to purchase life’s necessities.
E-commerce became a lifeline rather than a luxury and never more so than during the 2021 holidays. But as online shopping became ubiquitous, some of its earlier benefits disappeared, chief among them lower prices.
An analysis of online shopping trends during the 2021 Thanksgiving and Christmas holiday spending season by Adobe Digital Insights released Wednesday found that inflation has caught up with the web, as prices rose 3.5% in November from a year earlier and 3.1% annually in December. That was driven by demand, as consumers spent $204.5 billion during the 2021 holiday season, up 8.6% year over year.
Cartoons on the Coronavirus
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