Walmart, the country’s largest grocer, has announced rollbacks on thousands of items for summer road trips and pool parties. The discounts include ground beef, ribs, soda, and more at Walmart and Sam’s Club locations.
Trump Claims Credit
President Donald Trump is taking credit for the summer sale, claiming that a request from his administration led to the discounts. He highlighted an alleged 15% discount on beef, stating that it’s a huge deal for Americans who shop at Walmart.
However, summer sales are typical for chains like Walmart, and these discounts had been in place for a week before Trump’s statement. The discounts include 73% ground beef marked down almost 12% to $5.94 a pound, corn on the cob and cherries with discounts of roughly 50%, and 24-packs of Pepsi and Coca-Cola products on sale for $9.97.
Grocery Prices
Grocery prices have risen 2.7% over the past year, which is less than overall inflation of 4.2%. The reason grocery prices seem all over the place is because every food product and industry is different. For example, beef prices rose to a record $9.64 per pound in April, up 13% from the previous year, due to the smallest cattle herd in 75 years.
Original reporting: KTVZ (Central Oregon) — read the source article.
