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Food deflation woes hit Kroger in new 'grocery price war'

from CNBC

Supermarkets such as Kroger are facing a pickup in food deflation, which is hurting top-line growth and igniting what Credit Suisse termed a "grocery price war." "One big issue with deflation is with lower prices it breeds more competition because you're trying to win traffic and you're being more promotional doing that," Wells Fargo analyst Zachary Fadem said in an interview. more


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