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Don't Waste Your Money | More retailers announcing price cuts to products | Business | wdrb.com

  

Category:  News & Politics

Via:  jbb  •  4 weeks ago  •  13 comments

By:   WDRB

Don't Waste Your Money | More retailers announcing price cuts to products | Business | wdrb.com
It seems that every week another retailer announces a price cut. First it was Aldi, then Target, now it's Walgreens, Walmart, and more.

S E E D E D   C O N T E N T


LOUISVILLE, Ky. (WDRB) -- Have you noticed all the announcements from big retailers lately that they are cutting down prices?

Many people haven't noticed their bills going down.

It seems that every week another retailer announces a price cut. First it was Aldi, then Target, now it's Walgreens, Walmart, and more.

Walgreens announced that it is slashing the price of more than 1,300 items. Among the rollbacks, according to MSN News, One-A-Day gummy vitamins were $13.49, and now they're $11.99.

Eucerin Hand Cream was $7.29, now $5.99.

A report from New York Magazine says these announcements suggest that stores had raised prices too much to the point where consumers started cutting back on shopping.

They have to get shoppers back in the store.

Despite the fanfare over the price cuts, prices are still higher than they were in 2019, before the pandemic kicked off a wave of inflation.

In most cases, the cuts are small and you may not even notice it, but it's a step in the right direction.

Copyright 2024 WDRB Media. All Rights Reserved.


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JBB
Professor Principal
1  seeder  JBB    4 weeks ago

Deflation!

 
 
 
Ronin2
Professor Quiet
1.1  Ronin2  replied to  JBB @1    4 weeks ago

Quick better tell the FED; because they forgot to lower interest rates again./S

The current U.S. inflation rate is 3.3% for the 12-month period leading up to May 2024. The consumer price index (CPI) , which measures changes in prices, remained the same in May after rising 0.3% in April, according to the latest release from the Bureau of Labor Statistics

[1]

. The BLS notes that the declines in gasoline and energy prices offset a rise in the shelter index. The next monthly update will be released on Wednesday, July 11, 2024.

A 3.3% inflation rate may not seem like a lot, or as much as the price changes you've noticed at the grocery store. But to put inflation in context over the last few years, consumer price inflation rose 21.75% between January 2020 and May 2024, and stubbornly high housing costs persist.

Surging gas prices   and   sky-high mortgages   and rent sent inflation rising more than expected in March, adding to Americans’   prolonged and painful battle   with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer.

US consumer prices picked up again last month, vaulting to a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics.

That’s up considerably   from February’s 3.2% rate   and marks the highest annual gain in the past six months. Wednesday’s report further highlights that the path to lower inflation remains extremely bumpy — and continue to be a drag on Americans’ hard-earned finances — and that any loosening of monetary policy might not happen soon.

Key takeaways

  • The current inflation rate is 3.3%, with shelter and motor vehicle insurance still major contributors.
  • Prices have risen 20.8% since the pandemic-induced recession began in February 2020, with just 6% of the nearly 400 items the Bureau of Labor Statistics tracks cheaper today.
  • The Federal Reserve is closely monitoring inflation and has raised interest rates to combat it, but the U.S. economy remains resilient — threatening to keep inflation elevated.

Biden and the Democrats did that! 

Russia, China, and Iran are please that some want to reward them for that.

 
 
 
JBB
Professor Principal
1.1.1  seeder  JBB  replied to  Ronin2 @1.1    4 weeks ago

Walmart, Target, Aldi and other retailers are slashing prices...

 
 
 
Ronin2
Professor Quiet
1.1.2  Ronin2  replied to  JBB @1.1.1    4 weeks ago

You were given the inflation numbers.

Who cares if retailers are lowering the prices on products that people cut out of their lives due to inflation? 

People are struggling to put food on the table, pay rent, mortgages, and utilities; and all Democrats and leftists can concentrate on is the price of " One-A-Day gummy vitamins" and "Eucerin Hand Cream".

Shows how disconnected from reality they really are.

 
 
 
JBB
Professor Principal
1.1.3  seeder  JBB  replied to  Ronin2 @1.1.2    4 weeks ago

You've got to admit it's getting better. Better every day...

 
 
 
Greg Jones
Professor Participates
1.1.4  Greg Jones  replied to  JBB @1.1.3    4 weeks ago

Not really. You must not go shopping much. Inflation has slowed, but still exceeds historical levels.

 
 
 
JBB
Professor Principal
1.1.5  seeder  JBB  replied to  Greg Jones @1.1.4    4 weeks ago

Yes, REALLY!

That is my point. I do the shopping and prices are down noticably in the last month. Do you go shopping regularly? I was in Western Oklahoma lately and grocery prices were still way higher than they are at my Aldi in The Bronx NY. What in hell is up with that? 

Major retailers are all having to cut prices to be competitive.

It is capitalism, supply and demand. Goes up? Comes down!

 
 
 
evilone
Professor Guide
1.1.6  evilone  replied to  Greg Jones @1.1.4    4 weeks ago
Inflation has slowed, but still exceeds historical levels.

That's not even close to true. We haven't even gotten close to cracking the 10 ten. The inflation rate in 1981 was 10.34% down from 13.55% the year before. 

The ten highest inflation rates in US history...

  1. 1917: 17.84%
  2. 1918: 17.28%
  3. 1920: 15.63%
  4. 1919: 15.24%
  5. 1947: 14.39%
  6. 1980: 13.55%
  7. 1979: 11.25%
  8. 1974: 11.06%
  9. 1942: 10.92%
  10. 1981: 10.34%
 
 
 
Trout Giggles
Professor Principal
2  Trout Giggles    4 weeks ago

We can do without vitamins and hand cream but we can't live without food. That's where they need to slash prices.

Mr G got 5 bags of chips at Kroger a couple of weeks ago for the price of 2 bags

 
 
 
JBB
Professor Principal
2.1  seeder  JBB  replied to  Trout Giggles @2    4 weeks ago

The price of staples like my favorite Ranch Style Beans and Lipton Gallon Size Tea Bags has dropped by over half recently. People bitch about inflation but wait until their home or stock equity falls out...

Covid-19 and Putin's war in Ukraine fucked the supply chain making supply and demand out of balance temporarily. It is rebalancing...

The US economy is now leading the world economically post-Covid!

 
 
 
Greg Jones
Professor Participates
2.1.1  Greg Jones  replied to  JBB @2.1    4 weeks ago

Therre is much more to the economy than groceries

 
 
 
afrayedknot
Junior Quiet
2.1.2  afrayedknot  replied to  Greg Jones @2.1.1    4 weeks ago

…the price of bump stocks skyrocketed. 

 
 
 
JBB
Professor Principal
2.1.3  seeder  JBB  replied to  Greg Jones @2.1.1    4 weeks ago

True, building products and raw materials are down, too...

It is called supply and demand. Ever heard of economics?

 
 

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