Target is the latest company to announce that it's slashing prices as inflation continues to squeeze consumer wallets. The price cuts will take effect this summer.
Target is cutting prices on 5,000 popular products in an effort to attract more customers despite ongoing financial challenges, the company announced Monday. By reducing the prices on household essentials from groceries like milk, meat, bread, soda, fresh fruit, vegetables, yogurt and coffee to diapers, paper towels and pet food, consumers will collectively save consumers millions of dollars, Target said.
In April, the grocery rollback count was up 45% year over year. ALDI CUTTING PRICES ON HUNDREDS OF ITEMS TO FIGHT 'STUBBORN INFLATION' Earlier this month, discount grocer Aldi announced it was passing along $100 million in savings by slashing prices on more than 250 items through Labor Day. Inflation remains well above the Federal Reserve's 2% target and continues to create severe financial pressures for most U.S. households. In April, inflation climbed 3.
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