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Grocery inflationCNBC
•80% Informative
Inflation is back to pre-pandemic levels, but consumers are still bristling at higher prices.
Many retailers, restaurants and other consumer companies have seen sales fall as shoppers pull back their spending.
Businesses are now trying to convince customers that they offer the best deals.
Wendy's and Walmart have recently felt fury from consumers concerned about getting ripped off.
As foot traffic declines for retailers and restaurants, some are leaning into value to bring back customers.
Walmart said it rolled back prices on nearly 7,000 items in its food categories in the first quarter of the year .
Kroger CEO Rodney McMullen said the level of promotions is similar to pre-pandemic.
It remains to be seen whether companies can tamp down consumer outrage as the deals and discounts start to take hold.
Mondelez CFO Luca Zaramella: "The top priority is really to keep on growing the company and deliver volume growth".
VR Score
84
Informative language
83
Neutral language
58
Article tone
semi-formal
Language
English
Language complexity
46
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Hate speech
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
2
Source diversity
2
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