Target Is Lowering Prices of 5,000 Items

Target Is Lowering Prices of 5,000 Items

Target Is Lowering Prices , of 5,000 Items. On May 20, the retailer said it's cutting prices on common goods to help people save money, NPR reports.

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Items like "milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, pet food and more" will see price reductions, Target said.

We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more.

, Executive Vice President Rick Gomez, via statement.

1,500 items have already seen price cuts, and more cuts will be made over the summer.

Examples of lower prices in some areas include Thomas' Plain Bagels dropping from $4.19 to $3.79.

Clorox Scented Wipes dropping from $5.79 to $4.99 .

And Good & Gather Unsalted Butter dropping from $3.99 to $3.79.

In March, the personal consumption expenditures (PCE) price index was up 2.7% year-over-year, NPR reports.

The Federal Reserve uses the PCE to help measure inflation.

Typically, the agency likes the PCE to be at 2%