Group 1 - Amazon is reducing grocery prices by up to 30% to attract customers affected by inflation, following similar actions by Target and Walmart [1][3] - The price cuts will affect 4,000 items at Amazon Fresh, including discounts on meat, seafood, frozen food, dairy, beverages, snacks, and pastas [1][3] - Amazon Prime members will receive an additional 10% discount on the already reduced items at Amazon Fresh [3] Group 2 - Target has announced price cuts on at least 5,000 frequently bought items, including meat, milk, and fruits, as part of its pricing strategy [5] - Walmart has also committed to lowering prices on various grocery items, including eggs and apples, in response to a "deflationary environment" [5] - Food inflation has significantly impacted consumers, with grocery prices rising over 21% since January 2021, and a 10% increase in barbecue costs compared to last year [7]
Amazon Fresh to cut grocery prices by as much as 30% to bring back inflation-battered customers