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That’s the bad news. The good news is that people in power are saying that they’re ready to help. If you shop for food at Walmart, you’ve probably seen your bill leap up with the rest of the nation, but that may be starting to change.
At Walmart’s second-quarter earnings call on August 15, Walmart President and CEO Doug McMillon announced that though the stores’ food prices were “slightly inflated" at the end of Q2, they are “slightly deflationary overall,” down 30 basis points compared to Q1. 30 basis points is equivalent to a 0.3% change.
“As it relates to value, we’re lowering prices,” McMillon said. Across categories, there have been 7,200 rollbacks, which is what Walmart calls its price cuts. In fact, McMillon announced in Walmart’s February earnings call that, “In food, prices are lower than a year ago in places like eggs, apples and deli snacks, but higher in other places like asparagus and blackberries.” Their goal is to bring more of those items down to a price that’s affordable for every shopper.
Walmart’s changes are very much part of the zeitgeist. Just ask the U.S. major party presidential candidates. Both Kamala Harris and Donald Trump are campaigning on the promise of lowering food costs.
Either way, the tide appears to be moving in the right direction for shoppers. In May,Target announcedsimilar price cuts on 5,000 popular items including milk, meat, bread and fresh produce. Hopefully, it will soon be easier to keep a lowergrocery budget, but the truth is, hunting for bargains will never go out of style.
7-Day Budget Dinner Meal Plan and Shopping List
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SourcesEatingWell uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read oureditorial processto learn more about how we fact-check and keep our content accurate, reliable and trustworthy.USDA Economic Research Service.Food Prices and Spending.Walmart Inc.Q2 2025 earnings call transcript.Investopedia.Basis points: understanding what they are and how they are used.Walmart Inc.Q4 2024 earnings call transcript.PBS News.Harris zeroes in on high food prices as inflation dominates the presidential race.The Telegraph.Trump brands Kamala Harris’s lower grocery prices policy ‘communist.’New York Post.Trump blasts Kamala Harris’ high grocery prices, slams her economic agenda as ‘Maduro plan.’
Sources
EatingWell uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read oureditorial processto learn more about how we fact-check and keep our content accurate, reliable and trustworthy.USDA Economic Research Service.Food Prices and Spending.Walmart Inc.Q2 2025 earnings call transcript.Investopedia.Basis points: understanding what they are and how they are used.Walmart Inc.Q4 2024 earnings call transcript.PBS News.Harris zeroes in on high food prices as inflation dominates the presidential race.The Telegraph.Trump brands Kamala Harris’s lower grocery prices policy ‘communist.’New York Post.Trump blasts Kamala Harris’ high grocery prices, slams her economic agenda as ‘Maduro plan.’
EatingWell uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read oureditorial processto learn more about how we fact-check and keep our content accurate, reliable and trustworthy.
USDA Economic Research Service.Food Prices and Spending.Walmart Inc.Q2 2025 earnings call transcript.Investopedia.Basis points: understanding what they are and how they are used.Walmart Inc.Q4 2024 earnings call transcript.PBS News.Harris zeroes in on high food prices as inflation dominates the presidential race.The Telegraph.Trump brands Kamala Harris’s lower grocery prices policy ‘communist.’New York Post.Trump blasts Kamala Harris’ high grocery prices, slams her economic agenda as ‘Maduro plan.’
USDA Economic Research Service.Food Prices and Spending.
Walmart Inc.Q2 2025 earnings call transcript.
Investopedia.Basis points: understanding what they are and how they are used.
Walmart Inc.Q4 2024 earnings call transcript.
PBS News.Harris zeroes in on high food prices as inflation dominates the presidential race.
The Telegraph.Trump brands Kamala Harris’s lower grocery prices policy ‘communist.’
New York Post.Trump blasts Kamala Harris’ high grocery prices, slams her economic agenda as ‘Maduro plan.’
