Inflation forces Target to lower prices on thousands of basic items

MINNEAPOLIS, Minnesota: Target plans to cut prices on thousands of consumer basics this summer, from diapers to milk, as inflation squeezes household budgets and more Americans become budget-conscious.

Price cuts have already been applied to 1,500 items and will eventually cover 5,000 food, drink, and essential household goods. Target and other retailers cater to customers struggling with higher grocery prices,