As Inflation Remains Higher Than Expected, And Digital Inflation Falls, Now Is Not The Time To Pass Inflationary Anti-Tech Bills

This year, digital inflation fell 0.2% while inflation rose 8.2% YOY, according to this month’s Consumer Price Index (CPI) and the Adobe Digital Price Index (DPI).

Notably, digital Inflation has remained noticeably lower than CPI for the past several years.

As warnings of a potential global recession continue, Congress should not pass anti-tech legislation that could make inflation worse by raising the prices of deflationary, low-cost, and free digital services.

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

Inflation

Learn more about how growth helps all Americans

Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.

No spam, we promise.