Good morning, Marketer, and inflation is cooling in many categories.
The Adobe Digital Price for December shows year-over-year price decreases, and marginal price increases month-over-month, especially for promotional categories. (Grocery still rose 13.5% YoY, but price increases have slowed in the last three months.) Appliances were down 2.1% YoY, up 3.8% MoM; electronics were down 12% YoY, up 1.9% MoM.
All of this suggests that holiday online promotions were steep in November, but disciplined. Instead of price-cutting chaos — or supply-chain anarchy, for that matter — marketers got their holidays back, to some degree.
What can marketers do this year as some signs of stability return? Maybe take some steps to reduce martech bloat, or assemble a customer value squad. On the more experimental side, here’s how marketers will be fine-tuning their approach to web3.
Chris Wood,
Editor