{
  "id": 18526279,
  "title": "Jefferies finds grocery basket prices drop across retailers",
  "url": "https://urgent.news/2026/11/06/jefferies-finds-grocery-basket-prices-drop-across-retailers",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T16:15:31.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/jefferies-finds-grocery-basket-prices-drop-across-retailers-93CH-5008825"
  },
  "original_language": "en",
  "account": "Grocery basket prices dropped at six out of seven major retailers in the two weeks leading up to November 2, according to an analysis by Jefferies of 19 common food items in seven stores. The average cost of a basket fell to around $82.40, the lowest level since the beginning of September. Stop & Shop led the price reductions, while Kroger saw its prices decline for a second straight time, reaching the lowest point since early June. Giant and Albertsons stood as the most expensive retailers, at about $93.50, but both had reduced prices from recent highs. Target and Food Lion also saw modest decreases. Walmart was the sole retailer to raise prices for a third consecutive period, yet it still remained the cheapest option. The disparity between the most and least expensive retailers narrowed to about $18.40 from $20. Around 40% of products across the seven retailers were on sale by November 2, the highest proportion since late July, with an average discount of roughly 19%. Food Lion topped the list of promotional retailers, with nearly three-quarters of its products on sale. Giant boosted its promotions after pulling back earlier, while Albertsons and Walmart expanded their sales efforts, with Walmart reaching its highest promotional share since mid-July. Kroger maintained its recent promotional strategies. Mondelez's Oreo Cookies were discounted in about 70% of stores, followed by Campbell’s Cream of Chicken Soup at 67% and Mondelez's Saltine Crackers at 59%. Campbell’s Soup took the third spot in the most-promoted products, replacing General Mills' Honey Nut Cheerios. This report was produced with AI assistance and reviewed by a human editor.",
  "summary": null,
  "key_points": [
    "Grocery basket prices dropped at six of seven major retailers in two weeks.",
    "Stop & Shop led price reductions, Kroger saw second consecutive decline.",
    "Walmart raised prices for third consecutive period despite remaining cheapest."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}