Deflation could be coming this holiday season, Walmart CEO says

Posted on AllSides November 16th, 2023
From The Center
Mario Tama | Getty Images News | Getty Images

Shoppers may get an early present this holiday season: falling prices in many gift-giving categories.

On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper.

He said the retailer expects some of the stickier higher prices, such as the ones for pantry staples, to “start to deflate in the coming weeks and months,” too.

“In the U.S., we may be managing through a period of deflation in the months to come,” he said on the company’s Thursday earnings...

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