Middle-class shoppers pinched by decades’ high inflation have turned to discount supermarkets, boosting sales at Walmart and Dollar General. 

While inflation has dropped to 7.7 percent, it remains stubbornly high as Americans have felt the pains at the grocery lines, with many opting to search for better deals.

While bread and milk go for $4.79 and $8.99, respectively, at the high-end Whole Foods, the same items go for nearly half as much at Walmart, and even less at Dollar General. 

Similar savings can be seen with a pair of steaks, which go for nearly $32 at Whole Foods, while Walmart sells it for $16.77 and Dollar General for just $9. When it comes to a dozen eggs, Whole Foods price is around $5.49, Walmart sells them for $3.23 and at Whole Foods, they go for $5.49.

Meanwhile butter goes for $9.99 at Wholefoods, where it goes for only $4.48 at Walmart and $4.45 at Dollar General. And flour fetches at about $6.39 at Whole Foods, where its priced at $3.83 at Walmart and $4.50 at Dollar General.  

On Tuesday, Walmart reported annual US sales growth of 8.2 percent from last year, beating out Wall Street expectations as stocks soared by 7 percent as of noon. 

The company noted that about 75 percent of Walmart’s sales growth has been fueled by households that earn $100,000 a year, demonstrating the middle-class’ flight to its stores for better deals. 

GlobalData Retail analyst Neil Saunders told CNN: ‘Although times are tougher, consumers’ desire for value and low-prices is playing into Walmart’s hands.’ 

Dollar General, which boasts regular low-prices, has also seen an influx of wealthier spenders due to inflation, with its stock up nearly 4 percent on Tuesday, and 12.66 percent over the last year. 

More middle-class shoppers are going to Walmart, Dollar General and other discount stores for better deals on groceries to save money amid soaring inflation

Annual consumer inflation dropped below 8% last month for the first time in eight months

Annual consumer inflation dropped below 8% last month for the first time in eight months

With an annual US sales growth of 8.2 percent from last year, Walmart has attributed its latest success to an influx of wealthier shoppers seeking deals amid high inflation. Pictured, shoppers at a Walmart in Brunswick, New Jersey

With an annual US sales growth of 8.2 percent from last year, Walmart has attributed its latest success to an influx of wealthier shoppers seeking deals amid high inflation. Pictured, shoppers at a Walmart in Brunswick, New Jersey

Along with reporting sales growth, Walmart noted in its report on Tuesday that its own private-brand sales grew as well, signaling that customers are opting to avoid splurging on brand-name items to save at the checkout lines. 

The store also saw a significant three-month boost from its ‘back-to-school season’ promotions in the US.  

Walmart Chief Financial Officer John David Rainey told CNBC that the rise in shopping at the company’s stores reflected the reality of Americans still strapped for cash. 

‘Pocketbooks are stretched,’ he said. ‘People have less discretionary income or less disposable income to spend on things — and so they’re looking for value.’

Dollar General cited a similar effect, but the supermarket chain’s Ohio locations are under scrutiny for allegedly taking advantage of people looking for better deals. 

In early November, Ohio Attorney General Dave Yost accused at least 20 stores in the state of price gouging, with inspectors finding that as many as 88 percent were cheaper on the shelfs than at the actual checkout line. 

‘Ohioans can ill-afford businesses that draw people in with the promise of low prices only to deceive them at the checkout counter,’ Yost said in a statement. ‘This seems like a company trying to make an extra buck and hoping no one will notice.’ 

As of Monday, five stores in Franklin County, Ohio, failed a second inspection looking into the price gouging, NBC 4 reported. 

Overall, the prices of food and drinks across the nation has skyrocketed by 11.2 percent over the past year due to inflation, with meat and poultry prices up 9 percent and dairy up nearly 16 percent.  

Walmart's stock have been on a rise, with the retailer see its value jump by more than 2 percent on Tuesday following a steady rise over the last six months

Walmart’s stock have been on a rise, with the retailer see its value jump by more than 2 percent on Tuesday following a steady rise over the last six months

Dollar General has seen similar success, with its stock up nearly 4 percent

Dollar General has seen similar success, with its stock up nearly 4 percent 

While Dollar General said it has attracted wealthier customers as well, the chain's Ohio branches are under scrutiny for allegedly gouging prices amid the flight for better deals

While Dollar General said it has attracted wealthier customers as well, the chain’s Ohio branches are under scrutiny for allegedly gouging prices amid the flight for better deals

The consumer price index rose 7.7 percent in October from a year ago, marking the fourth straight month of declines from the 40-year high of 9.1 percent reached in June. 

The producer price index for final demand, which measures inflation before it reaches consumers, only rose eight percent in October from a year ago, also marking the fourth straight month the figure has declined, the Labor Department said on Tuesday. 

Core inflation, excluding volatile food and energy prices, dipped to 6.3 percent on an annual basis, after hitting a four-decade high of 6.6 percent in September. 

The numbers were all lower than economists had expected and Wall Street has reacted positively, with all three major indexes up since the report. 

The producer price index for final demand, which measures inflation before it reaches consumers, rose 8% in October from a year ago in its fourth straight month of decline

The producer price index for final demand, which measures inflation before it reaches consumers, rose 8% in October from a year ago in its fourth straight month of decline

The Dow jumped again on Tuesday, adding to the recent rally seen in a five-day view

The Dow jumped again on Tuesday, adding to the recent rally seen in a five-day view 

But with spending shifting back to labor-intensive services and the jobs market still tight, wage pressures could keep inflation painfully high for some time.

The Fed early this month delivered a fourth consecutive 75-basis-point interest rate hike and said its fight to lower inflation to the U.S. central bank’s 2 percent target would require borrowing costs to rise further.  

However, the Fed signaled it may be nearing an inflection point in what has become the fastest rate hiking cycle since the 1980s.

Traders are now pricing in a 91 percent chance of a 50 basis point rate hike at the Fed’s December meeting. 

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