From January to June 2022, US consumers have spent a total of $451.7 billion online, growing 7.5% year-on-year (YoY), according to Adobe Analytics. In June 2022, consumers spent $74.1 billion online which represents approximately 1% YoY growth, but spending was down 4.7% versus April and 6% lower than May owing to continuing inflation and a deferred Amazon Prime Day, it added.<\/p>\n\n\n\n
The Amazon Prime Day event, which historically drives higher levels of overall online spending within June, will be occurring in July this year, Adobe informed.<\/p>\n\n\n\n
In June 2022, online prices increased 0.3% (YoY) while decreasing 1% month-over-month (MoM). While this marks the 25th<\/sup> month of inflation online YoY, June is the third month where online price increases have slowed, Adobe noted.<\/p>\n\n\n\n Key categories including online electronics and apparel saw price decreases, driving down online retail inflation overall. In June 2022, jewellery saw price decreases of -1.83% YoY, but increased +1.68% MoM.<\/p>\n","protected":false},"excerpt":{"rendered":" From January to June 2022, US consumers have spent a total of $451.7 billion online, growing 7.5% year-on-year (YoY), according to Adobe Analytics. In June 2022, consumers spent $74.1 billion online which represents approximately 1% YoY growth, but spending was down 4.7% versus April and 6% lower than May owing to continuing inflation and a…<\/p>\n","protected":false},"author":1,"featured_media":16216,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-16215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n