Grocery Stores Lower Prices as Consumers Pare Spending

“America’s grocery stores are cutting prices to attract consumers who have pared back spending to cope with rising costs,” the New York Times reports.

“The grocery industry has struggled over the past 18 months as higher food bills, reductions in food-stamp programs and the rise in the use of weight-loss medications has resulted in shoppers buying less. On top of that, elevated gas prices because of the war with Iran are also hitting shoppers’ wallets.”