Yahoo Finance Aldi Lowered the Prices of More Than 250 Food Items to Save Customers Money This Summer
In summer 2023, the national grocer reportedly saved customers $60 million by cutting the cost of select products — now they are hoping to make that number $100 million in 2024
Aldi is combating food price inflation for the second summer.
The grocery store is lowering the prices on more than 250 products, PEOPLE confirms. The chain claims that the changes will help customers save $100 million through Labor Day,
Items ranging from pantry staples (like pinto beans and avocado oil) to seafood and meat (like chicken and sirloin steak) are all part of the reduced pricing — some of which are 2023 Aldi Fan Favorites.
A family pack of chicken breast went from $2.49 to $2.19. The discounts can be as little as 10 cents to more than $1.50, but no matter how small or large the discount, the total savings are immense.
Aldi's estimated $100 million in savings is almost double the $60 million number that the national grocer reportedly saved customers last summer with similar price cuts. They are able to keep prices down by maintaining smaller stores and keeping the foods in the original boxes and packaging that they were delivered in.
Other retailers have recently adjusted their prices in response to inflation. In March, Trader Joe’s adjusted the prices of some of their most commonly purchased items — but not all of them were discounts.
RJ Sangosti/The Denver Post via Getty Images
Trader Joe's bananas increased in price in MarchA representative for the national grocer confirmed with PEOPLE that the price of the 19 cents bananas increased to 23 cents while other prices were slashed.
“We only change our prices when our costs change, and after holding our price for bananas at 19¢ each for more than two decades, we’ve now reached a point where this change is necessary,” a statement read.
The good news is that with the 4 cent increase in banana costs comes the decrease in raw almonds, romaine hearts, green onions and more.
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Read the original article on People.
