It is a fact that inflation in the United States has fallen in recent weeks. Hence, the prices of large chain stores have also experienced a downward trend. Such is the case of the popular Walmart that offers new offers, especially on certain foods.
According to official data from the Bureau of Labor Statistics (BLS), food was an essential part of keeping prices above the federal government’s objectives. However, as mentioned, Walmart seeks to be more competitive by lowering some costs on food products.
According to the president and CEO of Walmart US, John Furner, more and more items from the retail giant are less expensive in 2024 compared to 2023. Meanwhile, the most recent report from the Consumer Price Index (CPI), corresponding to January 2024 reported a year-on-year increase of 3.1%.
Food rose in January
Last January, food costs rose 0.4% compared to last December. By the way, this rate was higher than the general price index (0.3% the month itself).
So that you know more exactly on the subject, supermarket prices are now 25% higher than in January 2020. Meanwhile, inflation has increased by 19% during that same period.
After this analysis, it is essential to applaud Walmart managers, determined to lower their food prices to continue being market leaders. It is clear that the retail chain is not exempt from the inflationary blow. However, it has managed to keep an eye on inflation and lower the prices of certain foods so far this year.
Precisely, the products with the most significant price reductions are roast chicken, which has been reduced by $1.00 USD, and French bread. The latter now barely costs $1.00 USD, just its value before inflation.
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