As inflation causes food prices to soar across the country and forces shoppers to cut back on staples like meat and dairy, one supermarket chain is cutting costs for its customers. Some of the savings are as high as $1 per item, which doesn’t sound like much, but definitely adds up at checkout. The chain is slashing prices on everything from frozen pizza to tea to lobster cakes. Supermarket newsThis means you’ll save big regardless of what’s on the market.
Arlington, Va.-based supermarket chain Lidl, which has more than 170 stores in nine states including Virginia, Delaware, Pennsylvania, Maryland, New Jersey, New York, North Carolina, South Carolina, Georgia and Washington DC, is planning to downsize. Prices on more than 100 everyday items will start from September 28. The rate cuts will run through the fall, mirroring a similar program the grocer ran in June, and the discounted items will rotate throughout the season. By doing so, the store hopes it will attract more shoppers and help offset rising prices.
A sample of discounted items ranged in price from $1.29 to $6.75 and showed savings of between 20 cents and $1.04. Supermarket news. Price reductions range from 10% to 23%, with an average of 11%.
“We recognize that inflation and rising food prices are affecting many families, and we hope to provide further relief through this fall price reduction campaign,” said Stephen Schwarz, chief product officer and executive vice president of purchasing at Lidl US. To offer better value in stores, and we will continue to invest in additional ways to save customers money.
Lidl is known for providing everything shoppers need or want at a lower price than its competitors. If you’re on the hunt for luxury items or stocking your pantry with staples, you can save big at Lidl. After the recent price drop, wheat biscuits ring in at $1.29—a 20 cent savings, which for some shoppers is the difference between getting something and going without. The Stone Oven Pizza Margherita now retails for $4.45, making it an overall savings of $1.04. Other discounted items include lobster cakes, dessert bars, coffee, shrimp risotto, cold-pressed juice, breads and more. Lidl’s savings campaign comes after the Consumer Price Index revealed grocery store prices rose 13.5% year-on-year.
Lidl isn’t the only chain trying to save customers money right now. In fact, the grocery chain ranked sixth in a ranking of the top grocery retailers with best prices conducted by consumer data company Dunhumby. Market Basket, Aldi, Winco Foods, Grocery Outlet and Save A Lot also featured, with Lidl coming in ahead, according to the findings.