27 Inflation-Beating Deals at Major Retailers That Are Slashing Prices
Written by
Josephine Nesbit
Edited by
Maria Concepcion
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Inflation has come down since its 40-year high in 2022, but shoppers still feel its effects and have cut back on discretionary spending. Some of the biggest retailers in the U.S., including Walmart and Target, have slashed prices to get customers back in stores.
Over the past four years, prices have surged by more than 20% because of the pandemic, and more recently, the White House also cited corporate greed as the reason for higher prices, said NBC News senior business correspondent Christine Romans said on Sunday TODAY with Willie Geist. To fight back, consumers have made some changes to their shopping habits by shopping at other stores, using coupons and switching to generic brands to save money.
Retailers have responded. According to Romans, Walgreens lowered prices on 1,300 products and Target recently dropped prices on about 5,000 items. Adobe Analytics, which tracks e-commerce sales, found that the cheapest items purchased increased significantly across all major categories, especially personal care products (up 96%), electronics (up 64%), apparel (up 47%) and more. Vivek Pandya, manager of Adobe Digital Insights, said some of these merchants built up excess inventory over the last couple of years and are now lowering prices to get rid of extra inventory, AARP reported.
Here are various stores where consumers are getting the best deals.
Aldi
Price reductions:
- Picnic necessities
- BBQ essentials
- Travel-ready snacks
- “Better-for-you” foods
Aldi announced that it would “double down on summer savings” by passing along $100 million in savings through Labor Day by dropping prices on more than 250 items. According to the retailer, the price drop will nearly double the savings from last year.
Walgreens
Price reductions:
- Health and wellness
- Personal care
- Seasonal
Walgreens plans to cut the prices of over 1,300 national and store-brand items, according to a company announcement. “Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials. We continue to be committed to our customers by lowering prices on over a thousand additional items, something we’ve been doing since October of 2023,” said Tracey D. Brown, EVP, President, Walgreens Retail & Chief Customer Officer.
Amazon Fresh
Price reductions:
- Meat
- Seafood
- Frozen foods
- Dairy
- Cheese
- Beverages
- Snacks
- Pasta
Amazon Fresh is lowering prices on 4,000 grocery items, and CNN reported that shoppers in the U.S. will see discounts every day of up to 30%. These markdowns will rotate weekly, both in-store and online, and include national brands and Amazon’s private-label products. Amazon Prime members will also receive an additional 10% discount on hundreds of online grocery items.
Walmart
Price reductions:
- Across all food categories
During Walmart’s first-quarter call with investors, U.S. CEO John Furner announced price rollbacks on nearly 7,000 items in stores. Furner did not specify what products will have price reductions but said rollbacks will be across all food categories.
Target
Price reductions:
- Dairy
- Meat
- Bread
- Peanut butter
- Soda
- Fresh fruit and vegetables
- Snacks
- Coffee
- Diapers
- Paper towels
- Pet food
Target is slashing prices on 5,000 “frequently shopped” items throughout the summer. According to Target, these price reductions are on top of everyday low prices, and will save consumers millions of dollars this summer.
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