Don't fall for this.
, president and CEO of Walmart U.S., said before adding that products in dry groceries and electronics were seeing lowered prices in many stores."And we're really proud of the team."Experts argue that the perception of lower prices in one area can help soften the blow of rising costs elsewhere, which could drive customers to shop elsewhere cut back on spending entirely, CNN reports. But the company says it's no stranger to handling inflation.
"During periods of inflation like this, middle-income families, lower-middle-income families, even wealthier families become more price sensitive. And that's to our advantage," McMillon said during the call."So we've been through this before. And we run with inflation around the world all the time. Inflation is a different environment in the U.S.
And it's not just larger purchases that you should avoid at Walmart: Everyday buys like organic produce and dairy products are often not the best deal around."They may seem like a good price, but you can find a better price at warehouse stores like Costco or Sam's Club, or even at your local grocery store when there's a sale,"
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