ADBE - Adobe: Groceries apparel lead rise in online prices in April

While the latest data on inflation showed prices continuing to rise and remain at levels not seen in four decades, the cost of purchasing products online declined in April on a mild month-over-month basis. That's the assessment software and digital marketing technology company Adobe (NASDAQ:ADBE), which on Wednesday released information from its Digital Price Index for April. Adobe (ADBE) said that average prices of products purchased online last month rose 2.9% from the same period a year ago, but were down from the 3.6% increase that the index recorded in March. According to Adobe (ADBE), April marked the 23rd-straight month of year-over-year online inflation, but that 10 of the 18 product categories tracked by the index showed prices in April dipping on a month-over-month basis. Patrick Brown, vice president of growth marketing and insights at Adobe (ADBE), said that as consumers continue to face factors such rising borrowing costs and

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Adobe: Groceries, apparel lead rise in online prices in April