(5 April 2021) In 2020, for the first time since Adobe began tracking digital purchasing power, US consumers were getting less for their online dollars than they had the previous year.
While the Consumer Price Index (CPI) continues to stay well below the Federal Reserve's 2% target, the reverse in the long-term online pricing trend could be an early signal of accelerating inflation in the near future.
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Prosper Insights & Analytics has 18 years of experience producing market leading monthly survey-based research of consumers' overall confidence. In its most recent survey, Prosper asked consumers about their concerns with regard to the coronavirus pandemic and the related cancellation of major events. You can explore Prosper's latest findings in depth below, but we'll give the spoiler: 82% of US consumers expressed one form of concern or another and believe that they will somehow experience direct consequences of the pandemic. Moreover, for the first time in six months there is...
Electronic commerce, aka e-commerce, was introduced more than 50 years ago to share financial or business documents from one company to another. Today, with the spread of the Internet and retail giants such as eBay and Amazon, online shopping is probably what comes to mind for most people when they hear e-commerce mentioned. According to the US Census Bureau, e-commerce retail sales in 2000 were valued at $27.6 billion. By 2016, e-commerce retail sales grew by more than 1,300 percent to over $390 billion. Census Bureau is one of many agencies now actively tracking e-commerce...
(19 October 2021) Through June-September of 2021, consumer price index (CPI) inflation in the U.S. accelerated to 5.4% on a year-over-year basis, which was the highest monthly growth rate in the last 12 years. Not all consumer goods were affected by price increases equally. For example, used car and gasoline prices were up 40% year-over-year in July, while consumer coffee prices have only increased by 1% year-over-year. The price for New York traded Arabica beans increased to an average $2.03 per pound in August 2021 — a 66% increase since the end of 2020.Coffee futures prices...
(17 June 2021) With the US vaccination progress continuing and many anti-COVID restrictions easing, American's driving activity is recovering, and the increased mobility combined with stimulus checks, pent-up demand, and high credit availability have quickly translated into an increase in car sales. Many Americans wanting to buy a car are stumbled on car shortages at auto dealerships, though. This growing demand and lack of supply have already translated into sharp price growth in the used car and car rental markets. According to the US Bureau of Labor Statistics' Consumer Price...
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