Inflation has driven e-commerce revenue higher in the past year, with the first two months of 2022 particularly impacted, according to research from Adobe.
The firm said $3.8 billion of e-commerce sales growth in January and February of this year was due to higher prices. The U.S. Bureau of Labor Statistics’ Consumer Price Index said e-commerce sales fell 3.7% in February from January, which saw a 14.5% increase from December. Neither number was adjusted for inflation.
Adobe (NASDAQ: ADBE), which