Friday, April 15, 2016

It’s Probably Cheaper on the Web, Adobe’s Online Price Index Shows - The New York Times

It's probably cheaper on the Web, unless it's Adobe's software products...

"Austan Goolsbee, a former chairman of President Obama’s Council of Economic Advisers, who has been helping Adobe develop its index, said the Adobe figures suggest that the government’s index could be underestimating deflation, or the overall fall in prices, in the economy.

“Large parts of the economy, a fast-growing part, is now e-commerce-oriented,” Mr. Goolsbee said. “And Amazon’s prices are much cheaper, and if everybody’s doing their shopping on Amazon, then that should properly be taken into account in the inflation rate in a way it isn’t now.”

He said it could help explain why inflation remained low, for example, despite a booming jobs market."
It’s Probably Cheaper on the Web, Adobe’s Online Price Index Shows - The New York Times
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