Walmart CEO Predicts Grocery Deflation Ahead, A Relief For Shoppers But Potential Risk For Broader Economy
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Walmart CEO predicts deflation coming soon in grocery prices like eggs, dairy, chicken and seafood.
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This is good news for shoppers facing high grocery bills, but potentially bad for the economy if deflation goes too far.
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Grocery prices rose 24% during pandemic but recently slowed to just 2% rise since January.
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Prolonged deflation could increase unemployment, interest rates, and cause a recession.
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With $500B in U.S. sales, groceries make up over half of Walmart's business.