Online spending hit a record high of £10 billion in July, the highest monthly figure this year, as the pandemic accelerated the shift away from the high street.
The increase brings the total spent online in the UK this year to £64.9 billion, a rise of 18 per cent compared with the same period last year and 56 per cent higher year-on-year than in 2019, according to the Adobe Digital Economy Index. The research also found inflation online last month rose 2.8 per cent, year-on-year, amid a spike in demand and pressure on supply chains.
“While offline inflation has continued to increase since 2016, online prices only started to increase since the start of the pandemic,” Adobe, the software company, whose analysis covers transactions
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