Inflation, Early Shopping to Slow US Online Holiday Spending: Report

Inflation, Early Shopping to Slow US Online Holiday Spending: Report
Shoppers walk at a store during Black Friday sales in the Manhattan borough of New York on Nov. 26, 2021. Jeenah Moon/Reuters
|Updated:
0:00

U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015, according to a report, as shoppers feel the brunt of decades-high inflation and soaring interest rates.

Adobe Analytics forecast online sales in November and December to rise 2.5 percent to $209.7 billion, compared with an 8.6 percent increase a year ago, as more people also return to in-store shopping and bring forward purchases to as early as October.