Stores Lowering Prices on Everyday Items to Draw Back Shoppers

mackenzie.raetz@thepennyhoarder.com (Mackenzie Raetz)

Years of inflation woes have made us nearly numb to ever-increasing grocery prices. It’s now common to go to the grocery store and think, “OK what else is new?” every time we see a price increase on our food staples. That’s why we’re thrilled to report: Popular grocery and retail giants are sending prices in a more favorable direction. Stores lowering prices include Target and Aldi. Both recently announced price cuts on thousands of household items and groceries. Here’s a look at their efforts:

Target

Target said in a news release it has already lowered prices on 1,500 items. Now, it plans to roll out price cuts on 5,000 total items throughout the summer. Here’s a glimpse into some of the products that either already are or soon will be cheaper:

  • Good & Gather Unsalted Butter (1 lb.) now $3.79 (was $3.99)

  • Good & Gather Organic Baby Spinach (5 ounces) now $2.99 (was $3.29)

  • Prime Hydration Sports Drinks (16.9 fluid ounces) now $1.99 (was $2.19)

  • Jack’s Frozen Pepperoni Pizza (14.3 ounces) now $3.99 (was $4.19)

  • Thomas’ Plain Bagels (20 ounces) at $3.79 (from $4.19)

  • Pepperidge Farm Goldfish Cheddar Flavor Blasted Crackers (6.6 ounces) at $2.79 (from $2.99)

  • Good & Gather Sea Salt Roasted Nuts (9.5 ounces) now $5.29 (was $6.89)

  • Clorox Scented Wipes (75-count) now $4.99 (was $5.79)

  • Huggies Baby Wipes (16-count) now $.99 (was $1.19)

Aldi

Aldi’s announcement said more than 250 “summer essentials” were getting a price trim through Labor Day. Here’s a look at some of the price changes:

  • Simply Nature: Chia Seeds now $4.89 (was $5.45)

  • Season’s Choice: Frozen Blueberries 24 ounces now $3.59 (was $3.99)

  • Simms: Summer Sausage now $4.19 (was $4.49)

  • Simply Nature: Organic Granola Bars now $3.46 (was $3.99)

  • Burman’s Steak Sauce now $1.89 (was $1.99)

Why Are Stores Lowering Prices?

While we’d love to say we can all dust off our shopping shoes because inflation is over, that’s not exactly the case. The latest Consumer Price Index, a monthly report released by the U.S. Bureau of Labor Statistics, did show grocery prices went down. (While restaurant food prices went up 0.3%, what it calls “food at home” dropped 0.2%.) It could mean more stores lowering prices in the future. However, other areas of inflation are still stubborn. Housing has been steadily rising all year — 5.5%, according to the CPI. Medical care and car insurance costs haven’t budged either. If you’re looking for ways to keep your budget tight in the meantime, try these apps.

Mackenzie Raetz is senior editor of freelance at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

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