Adobe data shows prices online heading down again
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With stocks on the whole dipping into the red as investors awaited this week's inflation data, some good news regarding prices could be found in Adobe's (NASDAQ:ADBE) latest online pricing report.
According to the Adobe Digital Price Index, online prices in April fell 1.8% from the same month a year ago. Adobe (ADBE) said prices fell in 11 of the 18 categories tracked by its digital price index. Compared to March, prices went down by a more-modest 0.7%.
However, Adobe (ADBE) said that April marked the eighth-straight month of price declines online. The drop was marked by a 7.1% year-over-year decline in the prices of appliances, while sporting goods fell by 6.4%, toys were down by 5.9% and prices of home and garden goods fell by 5.6% over a year ago.
Other notable price declines came from electronics, which declined by 11.6%, and computers, which fell 15.4% from last April.
Still, there were some increases in what could be called day-to-day purchases. Adobe (ADBE) said the price of groceries went up by 9.3% over a year ago, and personal care prices rose 3.1%. 
However, Adobe (ADBE) noted that the rate of prices rising for those two categories slowed on a month-over-month basis, as grocery prices rose 10.3% in March and 11.4%, and personal care prices also growing at slower rates in the prior two months.
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