Walmart is often revered for its low prices when it comes to household items, but one TikToker recently went viral and suggested that the department store might be amping up its prices on grocery products.
Last month, video creator Nikki Adams (@nikkis_garden_adventure) posted a clip on December 21st and claimed that she purchased the 60 count ‘Great Value Large White Eggs’ from her local Walmart for $10.56 one month prior. Now, as she showed in the video, this same product is $20.22.
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@nikkis_garden_adventure #greenscreenvideo #greenscreen at what point is it considered price gouging. In the span of a couple of months the eggs doubled in price #eggs#inflation#pricegouging #aintnoway#isthisreal#someoneexplain #beforreal #walmart#pricetohigh ♬ Oh No (Instrumental) – Kreepa
Walmart Called Out On TikTok & Twitter For Alleged ‘Price Gouging’ For Eggs
Adams wrote in her caption, “at what point is it considered price gouging. In the span of a couple of months the eggs doubled in price” as commenters and viewers shared their thoughts on the matter, with some relating to her surprising shopping experience.
“I remember that box being less then 5 bucks a year ago” one fellow TikTok user wrote as another chimed in, “They were actually like 7 bucks last year.”
Walmart blasted for ‘price gouging’ by shoppers sharing pics of ‘doubled prices’ https://t.co/MDS9vSS3wF
— The US Sun (@TheSunUS) December 30, 2022
On Twitter, many Walmart customers continue to call out the company for price increases and ‘price gouging,’ specifically. On December 5th, user @FJPence on Twitter tweeted, “Item I was buying at @Walmart was $6.99 3 months ago. It’s now $10.99. I am buying it online from the manufacturer now for $6.50 inflation or price gouging?”
Two weeks later on December 19th, another Twitter user/ Walmart shopper @roxrocksme wrote, “Walmart $6.00 for a dozen just yesterday in rural Colorado. I’m thinking seriously about investing in raising my own chickens and growing my own veggies. Can do that on 1.5 acres. So sick of the price gouging.”
Walmart CEO Speaks About Company Climate And Inflation
Walmart CEO Doug McMillion recently sat down for an interview with CNBC’s Squawk Box, and explained how he views the company's current climate amid inflation pressure. "They’re still stressed. We serve everybody. Americans come to Walmart. We’ve got some customers who are more budget conscious that have been under inflation pressure now for months," McMillion said.
He also detailed the retailer’s current prices."Fresh food is more volatile, it fluctuates more. So today's beef prices are down. Chicken prices are still high for example. Produce prices are relatively low to what they were before," he added.
He went on, "Dry grocery, processed foods, and consumables, are where the inflation is most stubborn. Double digit inflation rates have been around for a while, and it looks to us like they’re going to be with us for a while, so that's a primary area of focus for us." McMillion continued, noting, "We’re trying to come up with creative ways with our suppliers to get prices down."
