As Online Prices Fall, The Government Should Not Promote Policies That Would Raise Prices For Consumers
Inflation continued to slow in December, providing much-needed relief for consumers. Online prices fell by 1.6% according to the latest Digital Price Index (DPI) numbers from last month. Meanwhile the Consumer Price Index (CPI) showed the increase in overall prices slowed to 6.5% from last year, marking the biggest drop since April 2020.
However, as inflation remains high and the nation approaches the debt ceiling, now is not the time for Congress to pass legislation that would raise prices for consumers and impede access to tech products. Further, FTC overreach could similarly raise prices, hinder innovation, and hurt overall consumer welfare—including by targeting retailers for offering low prices to consumers.