
As inflation jumps, online prices rise at record pace
CBSN
Online prices rose at a record pace in November, climbing 3.5% compared to a year ago and capping a steady 18-month inflationary climb out of the COVID-19 pandemic last April, according to newly released data from Adobe Digital Insights.
The surge in inflation is the highest since 2014, when Adobe began keeping records, the software giant said. Apparel prices rose the most, with price tags climbing more than 17%. Flowers, tools and sporting goods were also high on the list. Roughly $1 of every $4 is spent online, according to Adobe.
Many Americans were already feeling the pinch of inflation heading into the holiday season this year as supply-chain snags translated into empty shelves or a fewer selection of goods to choose from. Consumers saw some 3 billion out-of-stock messages online in November, even as they spent some $114 billion, an almost 14% increase that shows strong demand, according to Adobe.

Robert Morris, founding pastor of Gateway Church, a megachurch in Southlake, Texas, has been indicted on five counts of lewd or indecent acts with a child, stemming from alleged incidents dating back to the 1980s, the Oklahoma attorney general's office announced Wednesday. We are aware of the actions being taken by the legal authorities in Oklahoma and are grateful for the work of the justice system in holding abusers accountable for their actions. We continue to pray for Cindy Clemishire and her family, for the members and staff of Gateway Church, and for all of those impacted by this terrible situation.