A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center.Â
Elena Perova | Istock | Getty Images
Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. The retail giant said if the trend continued, it would soon contend with deflation in some of those key household categories, which would be a welcome sight for consumers emerging from the worst price increases in decades.
But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck.
“There is deflation in certain categories â the possibility overall still remains â but prices are more stable than where they were three…
