Various retailers are now offering more discounts to attract shoppers back to their stores this summer, thanks to a decrease in grocery inflation. Walgreens, Target, and Amazon Fresh are among the national brands announcing price cuts on a wide range of products, from everyday essentials to seasonal favorites.
After experiencing several years of increasing prices, the recent slight decline in grocery prices is a positive change. According to the latest consumer price index, grocery prices are currently 25% higher than they were in 2020, but they dropped slightly in April compared to the previous month.
Joe Balagtas, a professor of agriculture economics at Purdue University, explains that consumers have adapted to high prices by switching brands or retailers. With prices starting to fall, retailers are now focusing on attracting budget-conscious shoppers with lower prices.
According to Balagtas, lower prices will have a significant impact on consumers, especially considering that Americans typically spend about 11% of their income on food. Even a slight decrease in inflation will help alleviate financial stress for many people.
Where to Find Summer Sales at Select Retailers
Here are some of the retailers offering discounts on food and pharmacy items this summer.
Aldi
Aldi is reducing prices on over 250 items until Labor Day, estimated to save shoppers $100 million. Some discounted items at Aldi include chia seeds, organic avocado oil, frozen blueberries, and more.
Amazon Fresh
Amazon Fresh is slashing prices on around 4,000 items both online and in-store, with discounts of up to 30% on various categories like meat, seafood, frozen food, beverages, and more.
Target
Target is reducing prices on approximately 5,000 items throughout the summer, focusing on daily essentials such as butter, baby spinach, sports drinks, frozen pizza, and more.
Walgreens
Walgreens has been steadily cutting prices on 1,300 items since October 2023, with lower prices on products like vitamins, facial cleansers, pain relief patches, and snacks.
Walmart
Walmart has increased its price reductions on grocery items, with discounts on nearly 7,000 items storewide. They also introduced the BetterGoods brand, offering affordable food items that cater to various dietary preferences and food trends.
The article Some Big Stores Are Cutting Prices to Woo Back Grocery Shoppers originally appeared on NerdWallet.
