Supermarkets Keep Slashing Prices and It’s Not Working
Prices at grocery stores decreased on average for the first time in 50 years.
Supermarkets are slashing prices to the point where for the first time in nearly 50 years, prices on items decreased on average.
The price difference is good news for grocery shoppers, but bad news for the industry, USA Today reports. In 2016, prices on groceries at stores declined by 1.3%, according to the Agriculture Department’s Economic Research Service. That’s the first annual decline in prices since 1967.
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