By Howard Schneider

(Reuters). – April saw online prices fall 0.5% and consumers in the United States pulled back from electronic shopping. It could be due to a shift of consumer behavior and Federal Reserve efforts to control inflation.

The pandemic saw an increase in inflation, despite the fact that electronic commerce helped to keep overall inflation down over years.

According to the tech firm, some relief is possible. It was a 0.3% decrease from March’s record-breaking increase.

Adobe monitors 100 million products and the inflation rate for them fell from 3.6% to 2.9% in March to 2.9% in April.

From $83 billion in March, online sales dropped to $77.8 trillion in April.

We are starting to notice the impact of economic uncertainty and borrowing costs on consumers.

online inflation and spend,” said Patrick Brown, vice president of growth marketing and insights at Adobe.

To slow down demand for goods, services, and to reduce price rises, the Fed will raise interest rates.

At 8:30 am, government data regarding consumer prices will become available. ET (1230 GMT).