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Cyber Monday record
November 29th, 2022 - 04:13 GMT

Record-breaking Cyber Monday tops $11 billion

Inflation being at multi-decade highs in several parts of the world is not scaring off consumers, who are taking advantage of steep discounts on expensive and sophisticated products this Cyber Monday. According to preliminary data from Adobe Analytics, spending volumes in the United States could reach a record $11.6 billion, a +8.5% increase over 2021, when interest rates were still at lows and central banks downplayed inflation as "transitory." These ...
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