LOUISVILLE, Ky. (WDRB) -- Have you noticed all the announcements from big retailers lately that they are cutting down prices?
Many people haven't noticed their bills going down.
It seems that every week another retailer announces a price cut. First it was Aldi, then Target, now it's Walgreens, Walmart, and more.
Walgreens announced that it is slashing the price of more than 1,300 items. Among the rollbacks, according to MSN News, One-A-Day gummy vitamins were $13.49, and now they're $11.99.
Eucerin Hand Cream was $7.29, now $5.99.
While it is great news for shoppers, many are suspicious about the price cuts.
A report from New York Magazine says these announcements suggest that stores had raised prices too much to the point where consumers started cutting back on shopping.
They have to get shoppers back in the store.
Despite the fanfare over the price cuts, prices are still higher than they were in 2019, before the pandemic kicked off a wave of inflation.
In most cases, the cuts are small and you may not even notice it, but it's a step in the right direction.
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