Inflation Didn’t Put A Damper On Amazon’s Prime Day 2022 Sale

Consumers didn’t back down from Amazon’s (AMZN) two-day Prime Day sale, despite record inflation hitting the country.

According to Amazon, more than 300 million items were purchased worldwide, marking a record sale for the e-commerce giant.

While Amazon didn’t release revenue numbers for the Prime Day sale, it did say that its members saved over $1.7 billion – more than was ever saved before during the sales event, which ran Tuesday and Wednesday.

“Prime Day is a celebration of our Prime members, who look forward to this event every year, and we’re thrilled to have delivered incredible savings to them once again,” Doug Herrington, CEO of Amazon Worldwide Stores, said in a statement.

Globally, Prime members purchased more than 100,000 items per minute over the course of the two-day annual sale with best-selling products including Amazon devices, consumer electronics, and home merchandise.

In the U.S., more than 60,000 items a minute were purchased by members, including 1.2 million pairs of sunglasses and more than 1 million swimsuits.

A total of $3 billion in sales were generated for small business vendors on the site, with 100 million small business items purchased in the three weeks leading up to the sale, Amazon said.

As of Thursday at 10:51 a.m. ET, shares of Amazon were trading at $108.49, down $1.91 or 1.73%.