My local Albertsons had a huge sign out front the other day that screamed “We’ve cut prices on thousands of items.” Yesterday I received a mailer trumpeting the same message, with lower prices for frozen burritos (5 for $2), apple juice (now $2.49 ea), and spaghetti sauce ($1.29 ea). I bought a dozen eggs for $1.79 at Albertsons, which means they now rival Trader Joe’s on egg prices. My Ralphs flyer boasted a 99-cent sale on Colgate toothpaste, sliced bread, and eggs. Wow! Are your local grocery chains also lowering prices? The LA Times says chains are lowering prices because discounters are eating up their market share.
Perhaps more importantly…
Milk prices have collapsed, dropping 19% since July (AP)