Might grocers’ price cuts ease inflation and the current vibe-cession?
> Target began cutting prices on 5,000 grocery store items
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> Walmart, which started lowering prices to pre-pandemic levels in March.
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> Amazon said it was slashing grocery prices at its Fresh chain by up to 30%
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> Aldi has begun reducing prices on more than 250 items
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> Walgreens lowered prices on more than 1,500 items
Voting with dollars:
> in addition to eating out less and spending less at the grocery store, many price-sensitive consumers are switching from brand-name to in-house items.
via The Daily Upside