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Store Closures Prompt Price Cuts as Inflation Hits US Retail Industry
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#fe1f26f4 ver:0.41

Rising grocery prices and inflation in the US are prompting store closures and price cuts. Grocery prices have increased 25% in the last four years, with a 12% jump in 2022. While food companies are reporting smaller price increases, grocery bills and restaurant checks are still expected to climb. Americans are spending 11.3% of their disposable income on food, the highest in 30 years. The impact of rising food prices has led to adjustments in spending habits and increased demand for food banks. Grocery retailers like Walmart, Target, and Aldi are responding by lowering prices, and Amazon Fresh is offering discounts on thousands of items. Store closures are also contributing to price cuts as retailers try to attract customers. #groceryprices #inflation #storeclosures #pricecuts...

#newstr #StoreClosures #PriceCuts #Inflation #RetailIndustry #Walmart #FamilyDollar #Aldi #FastfoodChains

https://here.news/story/fe1f26f4?ver=0.41