As inflation panic rages, one of the worlds largest retailers is cutting costs for its grocery customers.
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Youre not imagining it.
Grocery prices really have gone through the roof in recent years, even at Walmart.
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According to the USDA, food prices have increased by 25% from 2019 to 2023.
Thats the bad news.
The good news is that people in power are saying that theyre ready to help.
30 basis points is equivalent to a 0.3% change.
As it relates to value, were lowering prices, McMillon said.
Across categories, there have been 7,200 rollbacks, which is what Walmart calls its price cuts.
Their goal is to bring more of those items down to a price thats affordable for every shopper.
This isnt done out of charity, of course.
It turns out that lower prices could be good for Walmarts bottom line.
And were seeing results of that running about 40% over last year, so customers immediately responded.
Rotisserie chicken is another one.
That price has come down by $1.
Walmarts changes are very much part of the zeitgeist.
Just ask the U.S. major party presidential candidates.
Both Kamala Harris and Donald Trump are campaigning on the promise of lowering food costs.
Meanwhile, Trump raised the alarm last week against what he called Harris communist price control.
Either way, the tide gives the impression of moving in the right direction for shoppers.
USDA Economic Research Service.Food Prices and Spending.
Walmart Inc.Q2 2025 earnings call transcript.
Investopedia.Basis points: understanding what they are and how they are used.
Walmart Inc.Q4 2024 earnings call transcript.
PBS News.Harris zeroes in on high food prices as inflation dominates the presidential race.
The Telegraph.Trump brands Kamala Harriss lower grocery prices policy communist.
New York Post.Trump blasts Kamala Harris high grocery prices, slams her economic agenda as Maduro plan.
