While inflation continues to impact Americans—rising at an annual rate of 8.5% in July according to the Bureau of Labor Statistics’ Consumer Price Index (CPI)—digital inflation continues to fall. In July 2022, digital inflation continued to slow as online prices decreased 1% year-over-year and dropped 2% on a monthly basis, according to the latest digital inflation data from the Adobe Digital Price Index (DPI).

With continued high inflation and declining GDP in the two most recent quarters, it is important to remember that anti-tech bills being considered by Congress could make inflation and the overall economy worse by raising the prices of deflationary, low-cost, and free digital services.

See more from Springboard about how inflation in the technology sector has remained low and why anti-tech bills will make the situation worse here, here, and here.