Inflation Causing Arizona Families Pain

If you're tightening your belt at home, crossing off non-essential items from your shopping list, and doing without, this news is going to annoy you. Bear with us. There's light at the end of the tunnel.

According to a report by the website Accountable.US, corporations are working against struggling American families. Are you even surprised?

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Corporations have seen record profits since the end of the pandemic. If you're following along with this madness, it means they've prioritized profits by overcharging Americans.

READ: A California Law Forced a Controversial Crack-Down on AZ Shoppers

If you've been feeling like the mythical Sisyphus trying to push that giant rock up the hill only to have it roll back down on you, it's not your imagination: there really are forces working against you.

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Price Gouging at Major Retailers Across Arizona

In the wake of the global pandemic and the spike in inflation, many corporations saw the opportunity to capitalize on the hype of shortages and rising costs by raising the prices of goods.

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According to the New York Times, in the past, companies kept prices low in order to pick up extra market share. These days, they're blaming inflation and using it as an excuse to raise prices and increase profits.

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Consumers expect higher prices, and companies are taking advantage of the situation by inflating the cost of essential goods.

Arizona Target Stores' Plan to Lower Prices

Target stores in Arizona and across the nation are working to reverse the trend. Target announced that it would lower prices on about 5,000 items, and they're targeting essential items like bread, fruit, vegetables, milk, and meat.

READ: There's a New Rule at All Arizona Locations

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They've already begun cutting prices on 1,500 items and will continue price cuts throughout the summer in order to support consumers.

It's refreshing to see a big retailer taking their customers into consideration once again. We hope this starts a trend, and other retailers are inspired to follow suit. We might just get the rock off our backs, yet.

corporate.target.com | accountable.uswikipedia.org | nytimes.com | usatoday.com ]

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