💰 Here's a strong signal that America's inflation woes may be ending. Amazon economists expect the price of the company's products will rise slowly next year and start to fall in 2024.

TL;DR

The price of products sold on Amazon grew at a slower pace than the US inflation rate this year, an internal document obtained by Insider showed.Amazon's product prices increased by 6% in 2022, which is below the average inflation range of 7% to 9% in the US this year, the document said.These growth rates show Amazon may be responding to record inflation rates by mitigating its impact on customers.During Amazon's most recent earnings call in October, CFO Brian Olsavsky said sales growth slowed as "consumers assess their purchasing power."The 12-page study touched on topics of a recession possibility, inflation forecast, and their impact on Amazon's overall business, as Insider previously reported."

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