The renowned Walmart chain is taking action against an issue that seems to have no end in the United States: the rise in prices. For this reason at least, executives don’t want to lose a single customer. They will maintain their reputation as the world’s leading supermarket at all costs. But what can you do?
The chain warned manufacturers and suppliers not to increase the prices of their products on a daily basis. Competition among discounters based in the country is increasing, which is why Walmart fears a significant decline in its customer base.
Much has been said and written about the excessive price hike in the United States in 2022. However, here we bring you some numbers that further illustrate what really happened.
2022: the highest inflation in recent decades
There is no doubt that prices have risen excessively over the past year. The consumer price index (CPI) average was 8.4% higher than that registered in 2021. To give you an idea of the radical change, such a fluctuation has not been observed since 1986.
The factors that directly or indirectly influenced this behavior were: the presence of new variants of Covid-19 and the war between Russia and Ukraine. It was a year that passed in which the products became more and more expensive.
Following Walmart’s warning to its suppliers, some have slashed delivery prices for the retail chain. For example, several manufacturers such as Unilever, Procter & Gamble, and Rubbermaid Newell Brands have made adjustments to halt the surge, even lowering their prices slightly.
Walmart CEO Doug McMillon himself has pointed out the issue. “We’re trying to work with our dry food and consumables suppliers to see what we can do differently to mitigate some of these costs.”
