US online retail prices rose a record 3.5% in November
What: US online prices increased 3.5 percent in November from a year earlier, the biggest gain since software company Adobe Inc. started tracking the digital economy in 2014.
Why it is important: The surge, marking the 18th straight monthly increase, is another sign of how broad-based inflation has become in the country.
E-commerce once was the land of discounts, especially during the holiday season, has now become a source of price hikes in the pandemic recovery.
Nationwide, inflation is running at the highest levels in decades.
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