This Low-Cost Grocery Chain Is Promising To Keep Prices Low Right Now
As inflation has hit a new 40-year high, the rising cost of necessities has caused many Americans reason to be concerned. Unfortunately, predictions suggest that the 8.6% increase in food is only the tip of the iceberg as gas and energy prices surge. However, ALDI—known for its affordability and compact store management—is promising to keep its prices low amid these economic conditions because of the inflation prices.
"Saving you money is what we do best," said CEO Jason Hart in a recent statement. "And in times like these, I'm incredibly proud to underscore this commitment to you: No matter what happens in the world around us, ALDI will always be the low-price leader in every community we serve."
ALDI's vow to keep a reign on pricing goes in hand with its image of streamlined shopping. The grocery chain avoids marketing frills and an abundance of selection in order to curtail costs and keep its prices minimal. Its stores are typically compact, with only a few "fast-moving" nonbrand core products, which also saves on energy and restocking costs.
The design has been a successful one as the Batavia, Ill.-based ALDI announced it would be adding 150 new stores this year. Its continued expansion in the Gulf Coast region brings the grocer into its 38th state, including the new region of Louisiana.
While ALDI is saying its price tags aren't changing, the Consumer Price Index reflects that food prepared at home now costs 10% more than it did last year. The issue has been reported as related to supply chain issues, bad harvests, and labor costs. Most of the items that have jumped significantly in price are basic goods, including butter (14%), flour and baking mixes (14.2%), and meats (13.8%), according to CNBC.
Before you start shopping, be sure to check out these 7 Grocery Items So Unhealthy They Should Come With This Warning. These items are what scientists are calling "ultra-processed."
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