Walmart Lowers Prices on Thousands of Groceries and Household Items

Walmart announced it is lowering prices on thousands of products including beef, Coca-Cola and laundry detergent. The reductions target seasonal summer items and apply to groceries as well as household goods such as grills, sunscreen and lawn mowers. The changes are available in Walmart stores, Sam's Club locations, Walmart.com, SamsClub.com and the company's apps.

The price cuts went into effect last week, according to a Walmart spokesperson. Specific reductions include a 12 percent drop on 1 lb. 73 percent ground beef rolls to $5.94, a 63 percent cut on fresh sweet corn on the cob to $0.25 each, and a 50 percent reduction on 2.25 lb.

Bags of fresh red cherries to $5.63. Coca-Cola 24-packs fell 33 percent to $9.97 while Pepsi and related 24-packs dropped 29 percent to $9.97. President Trump stated on Monday that Walmart will lower prices at his Administration's request to celebrate the country's 250th birthday.

Walmart declined to comment on the post and its announcement did not mention the president. Walmart raised prices on general merchandise in February due to higher U.S. tariffs on imports. The Supreme Court struck down the so-called Liberation Day tariffs that same month.

The Consumer Price Index in May reached its highest level in more than three years, driven by soaring energy prices caused by the Iran war. About half of Americans say they are struggling to pay for everyday items like groceries and gas, while 95 percent believe the U.S. is in an affordability crisis, according to a Guardian/Harris Poll survey published on Tuesday.

President Trump also stated on Monday that oil prices are plummeting fast, gas prices at the pump are dropping, and egg and prescription drug prices are being brought down by historic levels.