Deflation could be coming this holiday season, Walmart CEO says
Publishing timestamp: 2023-11-16 12:31:50
Summary
Walmart CEO Doug McMillon suggests that deflation could be coming as prices fall on general merchandise and key grocery items. This offers relief for consumers who have been dealing with high inflation. However, there are still pockets of inflation in certain categories.
Sentiment: MIXED
Keywords: retail industry, walmart inc, breaking news: business, target corp, economy, business, breaking news: economy, home depot inc, business news,
Source: https://www.cnbc.com/2023/11/16/deflation-holiday-walmart-ceo.html