Posted 11/16/2023, 6:15:00 PM
Walmart CEO Predicts Deflation Coming Soon with Lower Prices for Shoppers
- Walmart CEO says high inflation has ended and deflation may be coming soon in stores
- Prices for Walmart groceries and merchandise are still up sharply over the past 2 years but increases are slowing
- Walmart shoppers may soon see falling prices in dry groceries and consumables
- Deflation would free up shopper budgets to spend more on higher profit general merchandise
- Walmart aims to retain higher income shoppers gained during high inflation who value lower prices