According to Fox News' Bulls and Bears, Walmart will be slashing food prices by 1 billion dollars this year. Those who believe that inflation has hit the US economy believe this is a smart business move by Walmart to bring in more volume to their stores.
With gas prices heading towards the $4 gallon mark, Walmart's decision to cut food prices is good news for the American consumer.
While there are some who complain that Walmart hurts small businesses, in a tough economy, Walmart once again proves to a friend to the American consumer.
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